Quantinno Capital Management LP Increases Position in Carlisle Companies Incorporated $CSL

Quantinno Capital Management LP lifted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 37.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,059 shares of the conglomerate’s stock after acquiring an additional 5,711 shares during the period. Quantinno Capital Management LP’s holdings in Carlisle Companies were worth $7,026,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Carlisle Companies in the 4th quarter valued at approximately $8,582,000. Brandywine Global Investment Management LLC lifted its position in Carlisle Companies by 49.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 86,311 shares of the conglomerate’s stock worth $27,607,000 after acquiring an additional 28,493 shares during the period. SEB Asset Management AB acquired a new stake in shares of Carlisle Companies during the first quarter worth about $6,783,000. Y Intercept Hong Kong Ltd acquired a new stake in Carlisle Companies during the 1st quarter valued at approximately $2,183,000. Finally, VELA Investment Management LLC purchased a new stake in Carlisle Companies in the fourth quarter valued at $5,024,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSL has been the topic of several recent research reports. Robert W. Baird set a $412.00 price objective on Carlisle Companies in a research report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Oppenheimer upped their target price on shares of 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 initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Finally, Truist Financial dropped their price objective 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. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average target price of $401.17.

Carlisle Companies Trading Down 0.2%

NYSE CSL opened at $385.70 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The stock has a market capitalization of $15.32 billion, a P/E ratio of 22.13, a PEG ratio of 1.21 and a beta of 0.85. The firm’s 50-day moving average is $350.97 and its two-hundred day moving average is $356.52. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $6.27 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.21 earnings per share for the current year.

Carlisle Companies Profile

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.