EFG Asset Management Americas Corp. Has $2.17 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

EFG Asset Management Americas Corp. lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,371 shares of the conglomerate’s stock after selling 942 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Carlisle Companies were worth $2,169,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate’s stock valued at $3,902,000 after purchasing an additional 2,976 shares during the last quarter. Spire Wealth Management lifted its holdings in Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate’s stock valued at $667,000 after purchasing an additional 54 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Carlisle Companies by 2.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock valued at $535,000 after purchasing an additional 38 shares during the last quarter. CX Institutional acquired a new stake in Carlisle Companies during the 1st quarter valued at $49,000. Finally, GAMMA Investing LLC lifted its holdings in Carlisle Companies by 12.4% during the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate’s stock valued at $507,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 3.2%

CSL stock opened at $410.55 on Thursday. The company has a market cap of $17.76 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03. The business has a 50-day simple moving average of $389.89 and a 200 day simple moving average of $371.42. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $6.24 EPS. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CSL shares. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research report on Tuesday, June 24th. They set an “overweight” rating and a $500.00 price objective on the stock. Robert W. Baird increased their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Wall Street Zen upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. Finally, Truist Financial lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and an average price target of $461.67.

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.