L2 Asset Management LLC Invests $3.63 Million in Carlisle Companies Incorporated $CSL

L2 Asset Management LLC acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, HoldingsChannel reports. The fund acquired 10,001 shares of the conglomerate’s stock, valued at approximately $3,628,000.

A number of other institutional investors have also recently made changes to their positions in CSL. BOK Financial Private Wealth Inc. purchased a new stake in Carlisle Companies during the 4th quarter worth approximately $27,000. Osterweis Capital Management Inc. purchased a new position in Carlisle Companies in the 2nd quarter valued at approximately $36,000. Signature Equity Partners LLC boosted its position in Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after buying an additional 94 shares during the period. Allied Private Wealth LLC acquired a new position in shares of Carlisle Companies in the second quarter worth $33,000. Finally, Torren Management LLC purchased a new stake in shares of Carlisle Companies during the fourth quarter worth $33,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

CSL has been the topic of several analyst reports. Raymond James Financial began coverage on Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Truist Financial cut their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Robert W. Baird set a $412.00 price target on Carlisle Companies in a research report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Finally, DA Davidson set a $410.00 price objective on Carlisle Companies in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average target price of $402.43.

Carlisle Companies Stock Down 1.5%

Carlisle Companies stock opened at $362.34 on Tuesday. The company has a market capitalization of $14.39 billion, a P/E ratio of 20.79, a PEG ratio of 1.15 and a beta of 0.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $432.91. The stock has a 50-day simple moving average of $358.74 and a 200-day simple moving average of $358.50.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.27 EPS. Equities research analysts expect that Carlisle Companies Incorporated will post 21.29 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio is currently 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.