123,240 Shares in Carlisle Companies Incorporated $CSL Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 123,240 shares of the conglomerate’s stock, valued at approximately $46,018,000.

A number of other institutional investors also recently made changes to their positions in CSL. EFG Asset Management North America Corp. boosted its stake in Carlisle Companies by 11.3% during the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after buying an additional 885 shares in the last quarter. Andra AP fonden lifted its holdings in Carlisle Companies by 1,207.7% in the 2nd quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock valued at $10,249,000 after acquiring an additional 25,350 shares during the last quarter. Blair William & Co. IL acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $223,000. Strs Ohio bought a new position in shares of Carlisle Companies during the 1st quarter valued at about $17,025,000. Finally, Boston Common Asset Management LLC grew its stake in shares of Carlisle Companies by 9.4% in the 2nd quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock worth $5,210,000 after purchasing an additional 1,202 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CSL shares. The Goldman Sachs Group dropped their target price on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Vertical Research started coverage on Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. Truist Financial reduced their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Oppenheimer decreased their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. reduced their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $386.67.

Carlisle Companies Trading Up 0.2%

Carlisle Companies stock opened at $318.69 on Wednesday. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $472.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.12 and a beta of 1.00. The company has a 50 day moving average price of $338.61 and a 200 day moving average price of $370.05.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company earned $5.78 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Carlisle Companies has set its FY 2025 guidance at EPS. Research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Carlisle Companies’s dividend payout ratio is 24.96%.

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.