Belpointe Asset Management LLC Invests $50,000 in Carlisle Companies Incorporated (NYSE:CSL)

Posted by Defense World Staff on May 24th, 2023

Belpointe Asset Management LLC bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 212 shares of the conglomerate’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hanseatic Management Services Inc. purchased a new position in Carlisle Companies during the 3rd quarter valued at $35,000. Cullen Frost Bankers Inc. bought a new position in Carlisle Companies in the third quarter worth about $36,000. Signaturefd LLC lifted its holdings in Carlisle Companies by 71.8% in the third quarter. Signaturefd LLC now owns 292 shares of the conglomerate’s stock worth $82,000 after buying an additional 122 shares during the period. Tobam bought a new stake in Carlisle Companies during the 4th quarter valued at approximately $106,000. Finally, Column Capital Advisors LLC grew its holdings in shares of Carlisle Companies by 21.6% during the 4th quarter. Column Capital Advisors LLC now owns 698 shares of the conglomerate’s stock worth $164,000 after acquiring an additional 124 shares during the period. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird dropped their price target on Carlisle Companies from $320.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, April 14th. StockNews.com started coverage on shares of Carlisle Companies in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Credit Suisse Group lowered their price target on shares of Carlisle Companies from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Tuesday, April 11th. BMO Capital Markets decreased their target price on shares of Carlisle Companies from $335.00 to $310.00 in a research note on Monday, May 1st. Finally, Wells Fargo & Company lifted their target price 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $306.67.

Carlisle Companies Stock Down 0.9 %

Shares of Carlisle Companies stock opened at $211.47 on Wednesday. The company has a 50-day simple moving average of $214.78 and a two-hundred day simple moving average of $236.17. The stock has a market capitalization of $10.78 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.68 and a beta of 0.91. Carlisle Companies Incorporated has a 52-week low of $203.65 and a 52-week high of $318.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.47 and a current ratio of 2.31.

Carlisle Companies (NYSE:CSL – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The conglomerate reported $2.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.05). Carlisle Companies had a return on equity of 32.04% and a net margin of 13.26%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm earned $4.26 earnings per share. Carlisle Companies’s revenue was down 21.2% on a year-over-year basis. On average, analysts anticipate that Carlisle Companies Incorporated will post 18.36 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Wednesday, May 17th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, May 16th. Carlisle Companies’s payout ratio 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).