HRT Financial LP Makes New Investment in Carlisle Companies Incorporated $CSL

HRT Financial LP bought a new position in Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 52,624 shares of the conglomerate’s stock, valued at approximately $19,649,000. HRT Financial LP owned approximately 0.12% of Carlisle Companies as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GFG Capital LLC bought a new position in shares of Carlisle Companies during the 2nd quarter valued at about $25,000. Hemington Wealth Management lifted its position in shares of Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after buying an additional 26 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Carlisle Companies during the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Carlisle Companies during the second quarter valued at approximately $25,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after buying an additional 58 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSL has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Vertical Research started coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Price Performance

CSL opened at $330.64 on Friday. The business has a fifty day moving average of $322.28 and a 200 day moving average of $358.36. The stock has a market cap of $13.82 billion, a P/E ratio of 18.75, a PEG ratio of 1.16 and a beta of 0.96. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping the consensus estimate of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $5.78 earnings per share. As a group, sell-side analysts anticipate 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 was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Carlisle Companies’s payout ratio is currently 24.96%.

About Carlisle Companies

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.