EFG Asset Management Americas Corp. Has $2.17 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

EFG Asset Management Americas Corp. lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 12.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,371 shares of the conglomerate's stock after selling 942 shares during the period. EFG Asset Management Americas Corp.'s holdings in Carlisle Companies were worth $2,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbour Investments Inc. raised 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 in the last quarter. Cordatus Wealth Management LLC increased its stake in shares of Carlisle Companies by 6.1% during the 1st quarter. Cordatus Wealth Management LLC now owns 3,591 shares of the conglomerate's stock worth $1,223,000 after purchasing an additional 207 shares during the last quarter. Foster & Motley Inc. bought a new position in shares of Carlisle Companies during the 1st quarter valued at $270,000. Natixis Advisors LLC lifted its stake in shares of Carlisle Companies by 18.1% in the 1st quarter. Natixis Advisors LLC now owns 161,024 shares of the conglomerate's stock valued at $54,829,000 after purchasing an additional 24,694 shares during the last quarter. Finally, Tredje AP fonden boosted its holdings in Carlisle Companies by 128.1% in the first quarter. Tredje AP fonden now owns 67,925 shares of the conglomerate's stock worth $23,128,000 after purchasing an additional 38,149 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSL. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. 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 target price for the company. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and dropped their price target for the company from $430.00 to $395.00 in a research report on Thursday. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Truist Financial lowered their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average price target of $450.83.

Carlisle Companies Stock Performance

Shares of CSL stock traded down $2.24 during trading hours on Friday, reaching $352.47. 975,100 shares of the company's stock were exchanged, compared to its average volume of 491,503. 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 quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $15.24 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.06 and a beta of 1.05. The business has a fifty day moving average price of $388.49 and a 200-day moving average price of $370.97.

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 the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 36.83%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company earned $6.24 earnings per share. Carlisle Companies's revenue for the quarter was down .1% compared to the same quarter last year. Analysts predict 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.