Lazard Asset Management LLC Raises Position in Carlisle Companies Incorporated $CSL

Lazard Asset Management LLC raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 190,650 shares of the conglomerate’s stock after acquiring an additional 10,009 shares during the period. Lazard Asset Management LLC’s holdings in Carlisle Companies were worth $63,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new position in shares of Carlisle Companies in the 4th quarter worth approximately $27,000. Osterweis Capital Management Inc. bought a new stake in shares of Carlisle Companies during the second quarter valued at approximately $36,000. Signature Equity Partners LLC grew its stake in Carlisle Companies by 3,133.3% in the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 94 shares during the period. Torren Management LLC purchased a new stake in Carlisle Companies in the fourth quarter worth $33,000. Finally, Quarry LP bought a new position in Carlisle Companies in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CSL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Truist Financial reduced their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Oppenheimer increased their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Robert W. Baird lowered their price target on shares of Carlisle Companies from $425.00 to $405.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Finally, Raymond James Financial began coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $399.29.

Carlisle Companies Stock Up 1.4%

CSL stock opened at $340.81 on Tuesday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The firm has a market cap of $13.79 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.06 and a beta of 0.85. The business has a 50 day moving average of $346.74 and a 200 day moving average of $355.88.

Carlisle Companies 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.