KBC Group NV Boosts Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Posted by Defense World Staff on Aug 3rd, 2023

KBC Group NV grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 220.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,850 shares of the conglomerate’s stock after purchasing an additional 12,277 shares during the quarter. KBC Group NV’s holdings in Carlisle Companies were worth $4,035,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CSL. Morgan Stanley grew its stake in Carlisle Companies by 323.0% in the 4th quarter. Morgan Stanley now owns 2,200,538 shares of the conglomerate’s stock valued at $518,557,000 after acquiring an additional 1,680,274 shares during the period. State Street Corp grew its stake in Carlisle Companies by 8.8% in the 3rd quarter. State Street Corp now owns 2,079,548 shares of the conglomerate’s stock valued at $583,126,000 after acquiring an additional 167,704 shares during the period. Moneta Group Investment Advisors LLC grew its stake in Carlisle Companies by 106,294.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,064,044 shares of the conglomerate’s stock valued at $486,392,000 after acquiring an additional 2,062,104 shares during the period. Franklin Resources Inc. grew its stake in Carlisle Companies by 5.5% in the 4th quarter. Franklin Resources Inc. now owns 1,161,714 shares of the conglomerate’s stock valued at $273,758,000 after acquiring an additional 60,682 shares during the period. Finally, Norges Bank acquired a new stake in Carlisle Companies during the 4th quarter worth $239,527,000. 87.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Lori A. Snyder sold 300 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $277.37, for a total value of $83,211.00. Following the completion of the sale, the insider now directly owns 548 shares of the company’s stock, valued at $151,998.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL opened at $278.31 on Thursday. The stock has a 50 day moving average price of $249.11 and a 200 day moving average price of $237.64. The company has a quick ratio of 2.00, a current ratio of 2.58 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. Carlisle Companies Incorporated has a 52-week low of $203.65 and a 52-week high of $318.71.

Carlisle Companies (NYSE:CSL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The conglomerate reported $5.18 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.45. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.58 billion. Carlisle Companies had a return on equity of 29.71% and a net margin of 12.18%. The company’s revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.15 earnings per share. Research analysts predict that Carlisle Companies Incorporated will post 17.61 EPS for the current fiscal year.

Analysts Set New Price Targets

CSL has been the topic of several recent research reports. Loop Capital lowered their target price on shares of Carlisle Companies from $300.00 to $285.00 in a research note on Friday, April 28th. Robert W. Baird lifted their target price on shares of Carlisle Companies from $310.00 to $320.00 in a research note on Thursday, July 27th. BMO Capital Markets lowered their target price on shares of Carlisle Companies from $335.00 to $310.00 in a research note on Monday, May 1st. Credit Suisse Group lowered their target price on shares of Carlisle Companies from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 11th. Finally, StockNews.com assumed coverage on shares of Carlisle Companies in a research report on Thursday, May 18th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $313.33.

Check Out Our Latest Report on Carlisle Companies

About Carlisle Companies

(Free Report)

Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.