Canandaigua National Bank & Trust Co. Takes Position in Carlisle Companies Incorporated $CSL

Canandaigua National Bank & Trust Co. acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,263 shares of the conglomerate’s stock, valued at approximately $2,635,000.

Other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies during the fourth quarter valued at $27,000. Signature Equity Partners LLC increased its position 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 buying an additional 94 shares in the last quarter. Torren Management LLC purchased a new stake in Carlisle Companies in the fourth quarter worth about $33,000. Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies in the second quarter worth about $36,000. Finally, Quarry LP bought a new position in shares of Carlisle Companies in the fourth quarter worth about $36,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

NYSE:CSL opened at $386.04 on Wednesday. The business’s 50-day simple moving average is $350.15 and its two-hundred day simple moving average is $356.39. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The stock has a market cap of $15.33 billion, a PE ratio of 22.15, a P/E/G ratio of 1.17 and a beta of 0.85. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company posted $6.27 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, analysts forecast that Carlisle Companies Incorporated will post 21.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Oppenheimer increased their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Robert W. Baird set a $412.00 target price on shares of Carlisle Companies in a research note on Thursday, July 30th. Truist Financial lowered their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Finally, Raymond James Financial assumed coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target of $401.17.

Carlisle Companies Company 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.