Wed Sep 11 09:43:03 UTC 2024: ## Carlisle Companies Sees Increased Investment from Institutional Investors

**New York, NY – September 11, 2024** – Carlisle Companies Incorporated (NYSE: CSL) has attracted significant interest from institutional investors in the second quarter, with several hedge funds and investment firms increasing their holdings in the company.

Candriam S.C.A., a prominent investment firm, boosted its stake in Carlisle Companies by a substantial 70.6%, acquiring an additional 2,314 shares during the period. Their total holdings now represent a value of $2,265,000.

Other notable investors include National Bank of Canada FI, which lifted its holdings by 326.4%, and TD Asset Management Inc., which grew its stake by a staggering 2,073.5%. Institutional investors now own a significant 89.52% of the company’s stock.

Analysts also remain optimistic about Carlisle Companies. Oppenheimer restated an “outperform” rating and increased its price target to $480.00, while Robert W. Baird lifted its price target to $500.00 and maintained an “outperform” rating. The consensus rating for the stock currently stands at “Moderate Buy” with an average target price of $433.00.

Carlisle Companies recently reported strong second-quarter earnings, exceeding analysts’ expectations with $6.24 earnings per share. The company’s revenue also grew by 11.0% year-over-year, reaching $1.45 billion.

Despite positive sentiment, it is worth noting that some insider transactions have occurred. CFO Kevin P. Zdimal sold 21,470 shares, and VP David W. Smith sold 600 shares. However, these transactions were relatively small compared to the overall institutional interest and do not necessarily indicate negative sentiment about the company’s prospects.

Carlisle Companies remains a major player in the building envelope products and solutions market, operating across multiple regions. Investors will continue to monitor the company’s performance and the continued interest from institutional investors for further insights into its future trajectory.

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