Cetera Investment Advisers Increases Stake in Carlisle Companies Incorporated (NYSE:CSL)

Cetera Investment Advisers raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,882 shares of the conglomerate’s stock after purchasing an additional 458 shares during the period. Cetera Investment Advisers’ holdings in Carlisle Companies were worth $3,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. National Bank of Canada FI grew its stake in Carlisle Companies by 37.0% in the fourth quarter. National Bank of Canada FI now owns 2,455 shares of the conglomerate’s stock valued at $906,000 after purchasing an additional 663 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Carlisle Companies in the fourth quarter valued at about $4,935,000. Bank of Montreal Can grew its stake in Carlisle Companies by 1.8% in the fourth quarter. Bank of Montreal Can now owns 116,977 shares of the conglomerate’s stock valued at $43,146,000 after purchasing an additional 2,069 shares during the last quarter. Invesco Ltd. grew its stake in Carlisle Companies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate’s stock valued at $502,239,000 after purchasing an additional 29,799 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in Carlisle Companies by 3.5% in the fourth quarter. Advisory Services Network LLC now owns 11,959 shares of the conglomerate’s stock valued at $4,411,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $361.87 on Wednesday. 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 company has a market cap of $15.47 billion, a PE ratio of 20.22, a P/E/G ratio of 1.13 and a beta of 1.05. The business has a 50-day simple moving average of $387.17 and a two-hundred day simple moving average of $370.45. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.50 billion. During the same period last year, the firm earned $6.24 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSL. Loop Capital lowered Carlisle Companies from a “buy” rating to a “hold” rating and cut their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. 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 report on Thursday, April 24th. Wall Street Zen raised Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Robert W. Baird raised their price target on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Finally, Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $450.83.

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.