Banco Santander S.A. Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Banco Santander S.A. bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,318 shares of the conglomerate’s stock, valued at approximately $1,130,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GeoWealth Management LLC raised its stake in Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after purchasing an additional 29 shares during the period. Crestwood Advisors Group LLC raised its stake in Carlisle Companies by 2.1% during the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate’s stock worth $506,000 after purchasing an additional 31 shares during the period. Net Worth Advisory Group raised its stake in Carlisle Companies by 2.8% during the first quarter. Net Worth Advisory Group now owns 1,517 shares of the conglomerate’s stock worth $517,000 after purchasing an additional 41 shares during the period. Allworth Financial LP raised its stake in Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock worth $58,000 after purchasing an additional 42 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Carlisle Companies by 0.9% during the first quarter. State of Alaska Department of Revenue now owns 5,199 shares of the conglomerate’s stock worth $1,770,000 after purchasing an additional 45 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSL has been the subject of several recent research reports. Truist Financial dropped their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Wall Street Zen raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $430.00 to $395.00 in a research report on Thursday. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 price objective for the company. Finally, Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $450.83.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $352.47 on Monday. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The company has a market capitalization of $15.07 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The firm’s fifty day moving average price is $388.49 and its 200 day moving average price is $370.80.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $6.24 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Profile

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.