Carlisle Companies Incorporated $CSL Stock Position Cut by Entropy Technologies LP

Entropy Technologies LP decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 92.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 626 shares of the conglomerate’s stock after selling 7,362 shares during the period. Entropy Technologies LP’s holdings in Carlisle Companies were worth $209,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

CSL has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Oppenheimer boosted their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Raymond James Financial assumed coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Truist Financial reduced their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Finally, Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $401.17.

Carlisle Companies Price 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 business’s fifty day moving average is $348.52 and its two-hundred day moving average is $356.10. The stock has a market capitalization of $14.55 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.17 and a beta of 0.85. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

Carlisle Companies (NYSE:CSL) last released 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 business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a return on equity of 46.29% and a net margin of 14.21%.The company’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $6.27 EPS. On average, research analysts forecast that Carlisle Companies Incorporated will post 21.11 earnings per share for the current fiscal year.

Carlisle Companies Company 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.