Carlisle Companies Incorporated (NYSE:CSL) Shares Bought by Credit Suisse AG

Posted by Defense World Staff on Jun 9th, 2023

Credit Suisse AG raised its holdings in Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 56.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,880 shares of the conglomerate’s stock after acquiring an additional 23,715 shares during the quarter. Credit Suisse AG owned 0.13% of Carlisle Companies worth $15,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Belpointe Asset Management LLC acquired a new stake in Carlisle Companies during the 4th quarter worth about $50,000. 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. Tobam acquired a new stake in Carlisle Companies during the 4th quarter worth about $106,000. Column Capital Advisors LLC increased its holdings in shares of Carlisle Companies by 21.6% in the 4th quarter. Column Capital Advisors LLC now owns 698 shares of the conglomerate’s stock valued at $164,000 after purchasing an additional 124 shares during the period. Finally, CI Investments Inc. increased its holdings in shares of Carlisle Companies by 48.5% in the 4th quarter. CI Investments Inc. now owns 753 shares of the conglomerate’s stock valued at $177,000 after purchasing an additional 246 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 0.8 %

Shares of Carlisle Companies stock opened at $233.44 on Friday. Carlisle Companies Incorporated has a 12-month low of $203.65 and a 12-month high of $318.71. The company has a quick ratio of 1.47, a current ratio of 2.31 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $11.90 billion, a P/E ratio of 14.73, a PEG ratio of 0.73 and a beta of 0.92. The stock has a 50 day moving average price of $214.99 and a two-hundred day moving average price of $234.65.

Carlisle Companies (NYSE:CSL – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The conglomerate reported $2.57 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.05). Carlisle Companies had a net margin of 13.26% and a return on equity of 32.04%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the company posted $4.26 earnings per share. The firm’s revenue was down 21.2% compared to the same quarter last year. Equities analysts expect that Carlisle Companies Incorporated will post 18.36 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Wednesday, May 17th were paid a $0.75 dividend. The ex-dividend date was Tuesday, May 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.29%. Carlisle Companies’s payout ratio is 18.93%.

Analyst Ratings Changes

CSL has been the topic of a number of research reports. Robert W. Baird dropped their target price on Carlisle Companies from $320.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, April 14th. BMO Capital Markets dropped their price objective on Carlisle Companies from $335.00 to $310.00 in a report on Monday, May 1st. StockNews.com started coverage on Carlisle Companies in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Credit Suisse Group dropped their price objective on Carlisle Companies from $350.00 to $300.00 and set an “outperform” rating on the stock in a report on Tuesday, April 11th. Finally, Loop Capital dropped their price objective on Carlisle Companies from $300.00 to $285.00 in a report on Friday, April 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $306.67.

Carlisle Companies Company 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).