Tredje AP fonden Has $23.13 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Tredje AP fonden significantly increased its stake in Carlisle Companies by 128.1%, acquiring an additional 38,149 shares to reach a total of 67,925 shares valued at approximately $23.1 million.
• Institutional investors now own about 89.52% of Carlisle Companies, with several firms notably increasing their holdings during the first quarter.
• Carlisle Companies has received mixed ratings from analysts, with price targets ranging from $390.00 to $500.00 and an overall consensus rating of "Moderate Buy."

Tredje AP fonden raised its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 128.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,925 shares of the conglomerate's stock after purchasing an additional 38,149 shares during the quarter. Tredje AP fonden owned approximately 0.16% of Carlisle Companies worth $23,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CSL. LPL Financial LLC raised its position in Carlisle Companies by 5.1% in the 4th quarter. LPL Financial LLC now owns 47,391 shares of the conglomerate's stock valued at $17,480,000 after purchasing an additional 2,305 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Carlisle Companies by 9.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,377 shares of the conglomerate's stock worth $12,758,000 after purchasing an additional 3,023 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Carlisle Companies during the fourth quarter worth $178,000. Allstate Corp acquired a new position in Carlisle Companies during the 4th quarter valued at about $487,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Carlisle Companies by 18.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 147,621 shares of the conglomerate's stock worth $54,449,000 after buying an additional 23,403 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

CSL has been the topic of several analyst reports. Robert W. Baird increased their target price on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and lowered their target price for the stock from $430.00 to $395.00 in a report on Thursday. Truist Financial dropped their target price 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. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Carlisle Companies presently has an average rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded down $2.24 during trading hours on Friday, reaching $352.47. 975,100 shares of the stock were exchanged, compared to its average volume of 463,157. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.23 and a beta of 1.03. The stock's fifty day simple moving average is $389.19 and its 200 day simple moving average is $371.29. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). Carlisle Companies had a return on equity of 36.83% 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 in the prior year, the business posted $6.24 EPS. The firm's quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

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.