Squarepoint Ops LLC Purchases Shares of 29,566 Carlisle Companies Incorporated (NYSE:CSL)

Squarepoint Ops LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 29,566 shares of the conglomerate's stock, valued at approximately $10,905,000. Squarepoint Ops LLC owned 0.07% of Carlisle Companies at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. GeoWealth Management LLC increased its position in shares of Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after purchasing an additional 29 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Carlisle Companies by 2.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock valued at $535,000 after buying an additional 38 shares in the last quarter. Metis Global Partners LLC grew its holdings in Carlisle Companies by 6.4% in the 4th quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate's stock valued at $238,000 after buying an additional 39 shares in the last quarter. TIAA Trust National Association grew its holdings in Carlisle Companies by 9.2% in the 4th quarter. TIAA Trust National Association now owns 581 shares of the conglomerate's stock valued at $214,000 after buying an additional 49 shares in the last quarter. Finally, MorganRosel Wealth Management LLC grew its holdings in Carlisle Companies by 1.9% in the 4th quarter. MorganRosel Wealth Management LLC now owns 2,833 shares of the conglomerate's stock valued at $1,045,000 after buying an additional 52 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 1.6%

CSL traded down $6.52 during mid-day trading on Wednesday, hitting $392.41. 43,034 shares of the stock were exchanged, compared to its average volume of 450,303. The firm's fifty day moving average is $365.77 and its two-hundred day moving average is $378.88. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The company has a market cap of $16.97 billion, a PE ratio of 14.20, a PEG ratio of 1.03 and a beta of 1.07.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. Carlisle Companies's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $3.72 EPS. Equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's dividend payout ratio is currently 14.89%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CSL. Robert W. Baird upped their target price on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Truist Financial decreased their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $454.00.

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.