Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd has drastically reduced its stake in Carlisle Companies Incorporated by 92.9%, selling 11,975 shares and retaining ownership of just 912 shares valued at approximately $311,000.
• Several hedge funds have made changes to their positions in Carlisle Companies, with some increasing their holdings, indicating varying levels of investor interest in the stock.
• Carlisle Companies has received an average rating of "Moderate Buy" from analysts, with a consensus price target set at $461.67, reflecting positive market sentiment towards its future performance.

Y Intercept Hong Kong Ltd decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 92.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 912 shares of the conglomerate's stock after selling 11,975 shares during the period. Y Intercept Hong Kong Ltd's holdings in Carlisle Companies were worth $311,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in Carlisle Companies by 35.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock valued at $3,902,000 after buying an additional 2,976 shares during the period. Spire Wealth Management grew its position in Carlisle Companies by 2.8% in the first quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after purchasing an additional 54 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Carlisle Companies by 2.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after buying an additional 38 shares during the last quarter. CX Institutional bought a new stake in shares of Carlisle Companies during the 1st quarter worth approximately $49,000. Finally, GAMMA Investing LLC increased its position in Carlisle Companies by 12.4% during the first quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock worth $507,000 after buying an additional 164 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded down $2.24 during midday trading on Friday, hitting $352.47. The stock had a trading volume of 975,100 shares, compared to its average volume of 463,157. 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 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average price of $389.19 and a two-hundred day moving average price of $371.29. The company has a market capitalization of $15.25 billion, a PE ratio of 19.69, a P/E/G ratio of 1.23 and a beta of 1.03.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued 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 net margin of 16.12% and a return on equity of 36.83%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted $6.24 EPS. Carlisle Companies's revenue was down .1% compared to the same quarter last year. As a group, equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CSL. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Robert W. Baird upped their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. started coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target on the stock. Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $430.00 to $395.00 in a report on Thursday. Finally, Truist Financial dropped their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $450.83.

About Carlisle Companies

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.