LGT Capital Partners LTD. Purchases Shares of 42,100 Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• LGT Capital Partners LTD. acquired 42,100 shares of Carlisle Companies Incorporated (NYSE:CSL) worth approximately $14.3 million, representing an ownership stake of about 0.10% as of the latest SEC filing.
• Several analysts issued new ratings and price targets for CSL, with Robert W. Baird setting a target of $460 and JPMorgan Chase & Co. initiating coverage with a target of $500, while Truist Financial lowered their target to $390.
• Carlisle Companies reported earnings per share (EPS) of $6.27 for the last quarter, below analyst estimates of $6.67, with revenue at $1.45 billion, slightly down year-over-year.

LGT Capital Partners LTD. acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,100 shares of the conglomerate's stock, valued at approximately $14,335,000. LGT Capital Partners LTD. owned approximately 0.10% of Carlisle Companies as of its most recent filing with the Securities and Exchange Commission.

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

Carlisle Companies Stock Up 1.7%

Shares of CSL traded up $5.99 on Monday, reaching $358.51. The stock had a trading volume of 617,664 shares, compared to its average volume of 464,220. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 20.03, 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 quick ratio of 1.47 and a current ratio of 2.19. The company has a 50-day simple moving average of $388.49 and a 200-day simple moving average of $370.80. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) 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). The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. 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 EPS. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Truist Financial reduced their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. 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 issued an "overweight" rating and a $500.00 price objective on the stock. Finally, Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and cut their price objective for the stock from $430.00 to $395.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $450.83.

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.