Russell Investments Group Ltd. Acquires 4,117 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Posted by on May 13th, 2023

Russell Investments Group Ltd. grew its holdings in Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,127 shares of the conglomerate’s stock after purchasing an additional 4,117 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Carlisle Companies worth $8,985,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Hanseatic Management Services Inc. bought a new position in Carlisle Companies during the 3rd quarter worth approximately $35,000. Cullen Frost Bankers Inc. acquired a new stake in Carlisle Companies during the 3rd quarter worth approximately $36,000. Alta Advisers Ltd acquired a new stake in Carlisle Companies during the 3rd quarter worth approximately $56,000. Ellevest Inc. raised its holdings in Carlisle Companies by 25.7% during the 3rd quarter. Ellevest Inc. now owns 259 shares of the conglomerate’s stock worth $73,000 after buying an additional 53 shares during the period. Finally, Signaturefd LLC raised its holdings in Carlisle Companies by 71.8% during the 3rd quarter. Signaturefd LLC now owns 292 shares of the conglomerate’s stock worth $82,000 after buying an additional 122 shares during the period. Institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CSL shares. Robert W. Baird dropped their target price on shares of Carlisle Companies from $320.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, April 14th. Wells Fargo & Company lifted their price objective on shares of Carlisle Companies from $315.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Loop Capital lowered their price objective on shares of Carlisle Companies from $300.00 to $285.00 in a report on Friday, April 28th. Oppenheimer lowered their target price on shares of Carlisle Companies from $360.00 to $345.00 and set an “outperform” rating on the stock in a report on Friday, March 17th. Finally, Credit Suisse Group dropped their price target on shares of Carlisle Companies from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $306.67.

Carlisle Companies Trading Up 1.2 %

CSL stock opened at $210.07 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.47 and a current ratio of 2.31. The company’s 50-day simple moving average is $220.39 and its 200 day simple moving average is $238.20. Carlisle Companies Incorporated has a 52 week low of $203.65 and a 52 week high of $318.71. The company has a market capitalization of $10.71 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.68 and a beta of 0.91.

Carlisle Companies (NYSE:CSL – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The conglomerate reported $2.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.05). The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.21 billion. Carlisle Companies had a return on equity of 32.04% and a net margin of 13.26%. The company’s quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.26 earnings per share. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 18.39 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Wednesday, May 17th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. Carlisle Companies’s dividend payout ratio (DPR) is currently 18.93%.

Carlisle Companies Profile

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Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT).

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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