Sciencast Management LP purchased a new position in shares of Carlisle Companies, Inc. (NYSE:CSL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,609 shares of the conglomerate’s stock, valued at approximately $530,000.
Several other hedge funds have also modified their holdings of the company. Fred Alger Management LLC boosted its position in Carlisle Companies by 45.6% in the first quarter. Fred Alger Management LLC now owns 297 shares of the conglomerate’s stock valued at $37,000 after buying an additional 93 shares during the last quarter. Costello Asset Management INC acquired a new position in Carlisle Companies in the second quarter valued at approximately $66,000. Harvest Fund Management Co. Ltd lifted its holdings in Carlisle Companies by 68.6% in the first quarter. Harvest Fund Management Co. Ltd now owns 769 shares of the conglomerate’s stock valued at $96,000 after acquiring an additional 313 shares during the period. Cerebellum GP LLC acquired a new position in Carlisle Companies in the second quarter valued at approximately $128,000. Finally, Fifth Third Bancorp lifted its holdings in Carlisle Companies by 87.7% in the first quarter. Fifth Third Bancorp now owns 1,368 shares of the conglomerate’s stock valued at $171,000 after acquiring an additional 639 shares during the period. Institutional investors and hedge funds own 89.03% of the company’s stock.
A number of brokerages have issued reports on CSL. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating and set a $122.00 price target for the company in a report on Monday, July 6th. Credit Suisse Group reaffirmed a “buy” rating and set a $146.00 target price on shares of Carlisle Companies in a research note on Friday, July 24th. Loop Capital raised Carlisle Companies from a “hold” rating to a “buy” rating and upped their target price for the stock from $126.00 to $140.00 in a research note on Friday, June 26th. Jefferies Financial Group started coverage on Carlisle Companies in a research note on Friday, April 17th. They set a “buy” rating and a $150.00 target price for the company. Finally, Oppenheimer started coverage on Carlisle Companies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $160.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Carlisle Companies has a consensus rating of “Buy” and an average target price of $153.38.
Carlisle Companies stock opened at $119.08 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.51 and a quick ratio of 2.61. Carlisle Companies, Inc. has a 1-year low of $97.55 and a 1-year high of $169.86. The company has a market cap of $6.50 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. The stock’s 50 day moving average price is $119.35 and its 200 day moving average price is $130.94.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.26. Carlisle Companies had a return on equity of 15.60% and a net margin of 8.43%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $998.00 million. On average, equities research analysts anticipate that Carlisle Companies, Inc. will post 6.07 EPS for the current fiscal year.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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