EFG Asset Management Americas Corp. Has $2.17 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

EFG Asset Management Americas Corp. decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,371 shares of the conglomerate’s stock after selling 942 shares during the period. EFG Asset Management Americas Corp.’s holdings in Carlisle Companies were worth $2,169,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CSL. CX Institutional acquired a new position in Carlisle Companies during the 1st quarter valued at about $49,000. GeoWealth Management LLC lifted its position in Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after purchasing an additional 29 shares during the period. Wayfinding Financial LLC acquired a new position in Carlisle Companies during the 1st quarter valued at about $55,000. Allworth Financial LP lifted its position in Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock valued at $58,000 after purchasing an additional 42 shares during the period. Finally, Harbour Investments Inc. lifted its position in Carlisle Companies by 277.1% during the 1st quarter. Harbour Investments Inc. now owns 181 shares of the conglomerate’s stock valued at $62,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 price target for the company. Wall Street Zen raised Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Truist Financial lowered their price target on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Robert W. Baird upped their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Finally, Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $461.67.

Carlisle Companies Price Performance

NYSE CSL opened at $410.55 on Thursday. The business has a 50 day simple moving average of $389.89 and a 200 day simple moving average of $371.42. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.27 and a beta of 1.03.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. Carlisle Companies’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $6.24 earnings per share. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.