Commerce Bank Buys 162 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Commerce Bank grew its stake in Carlisle Companies Incorporated (NYSE:CSL) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,833 shares of the conglomerate’s stock after acquiring an additional 162 shares during the quarter. Commerce Bank’s holdings in Carlisle Companies were worth $3,689,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CSL. CX Institutional purchased a new position in shares of Carlisle Companies in the first quarter worth $49,000. GeoWealth Management LLC increased its position in Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after acquiring an additional 29 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in Carlisle Companies during the first quarter valued at $55,000. Allworth Financial LP increased its position in Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock valued at $58,000 after acquiring an additional 42 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in Carlisle Companies by 277.1% during the first quarter. Harbour Investments Inc. now owns 181 shares of the conglomerate’s stock valued at $62,000 after acquiring an additional 133 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CSL. Wall Street Zen upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research report on Tuesday, June 24th. They set an “overweight” rating and a $500.00 price objective for the company. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $430.00 to $395.00 in a research report on Thursday. Robert W. Baird upped their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, Truist Financial reduced their price objective on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $450.83.

Carlisle Companies Trading Down 0.6%

Shares of NYSE CSL opened at $352.47 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The business’s 50 day moving average price is $388.49 and its 200-day moving average price is $370.80. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.07 and a beta of 1.05.

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

Carlisle Companies Company 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.