Squarepoint Ops LLC Invests $10.91 Million in Carlisle Companies Incorporated (NYSE:CSL)

Squarepoint Ops LLC acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 29,566 shares of the conglomerate’s stock, valued at approximately $10,905,000. Squarepoint Ops LLC owned approximately 0.07% of Carlisle Companies at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Twinbeech Capital LP grew its stake in shares of Carlisle Companies by 311.6% in the fourth quarter. Twinbeech Capital LP now owns 75,349 shares of the conglomerate’s stock worth $27,792,000 after purchasing an additional 57,043 shares in the last quarter. State of Wyoming grew its position in Carlisle Companies by 105.1% in the 4th quarter. State of Wyoming now owns 566 shares of the conglomerate’s stock valued at $209,000 after buying an additional 290 shares in the last quarter. Strategic Wealth Partners Ltd. increased its stake in Carlisle Companies by 23.6% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 1,175 shares of the conglomerate’s stock valued at $424,000 after buying an additional 224 shares during the period. Royal Bank of Canada increased its stake in Carlisle Companies by 1.4% during the 4th quarter. Royal Bank of Canada now owns 253,427 shares of the conglomerate’s stock valued at $93,474,000 after buying an additional 3,504 shares during the period. Finally, Redwood Investment Management LLC raised its position in shares of Carlisle Companies by 10.0% during the 4th quarter. Redwood Investment Management LLC now owns 3,868 shares of the conglomerate’s stock worth $1,427,000 after buying an additional 353 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Up 0.2%

Shares of NYSE:CSL opened at $389.76 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a 50 day moving average price of $362.86 and a 200 day moving average price of $380.49.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The company’s revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $3.72 EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.03%. Carlisle Companies’s dividend payout ratio is currently 14.89%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Truist Financial cut their target price on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Robert W. Baird lifted their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy 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 $454.00.

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.