Royal Bank of Canada Grows Stake in Carlisle Companies Incorporated $CSL

Royal Bank of Canada raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,328 shares of the conglomerate’s stock after purchasing an additional 1,810 shares during the period. Royal Bank of Canada owned 0.40% of Carlisle Companies worth $54,489,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies during the 4th quarter worth approximately $27,000. Signature Equity Partners LLC increased its stake in Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after buying an additional 94 shares during the period. Torren Management LLC acquired a new position in shares of Carlisle Companies during the fourth quarter worth about $33,000. Osterweis Capital Management Inc. purchased a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $36,000. Finally, Quarry LP purchased a new position in Carlisle Companies in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSL. Truist Financial dropped their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Oppenheimer raised their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Raymond James Financial began coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price on the stock. Finally, Robert W. Baird set a $412.00 target price on Carlisle Companies in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $401.17.

Carlisle Companies Stock Performance

NYSE:CSL opened at $359.61 on Friday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The firm has a 50-day moving average of $348.52 and a two-hundred day moving average of $356.10. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The stock has a market cap of $14.55 billion, a P/E ratio of 20.63, a PEG ratio of 1.14 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping the consensus estimate of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 46.29%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $6.27 EPS. On average, research analysts expect that Carlisle Companies Incorporated will post 21.21 earnings per share for the current fiscal year.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.