Billionaire Steve Cohen is Buying These 5 Stocks in 2022

4. Carlisle Companies Incorporated (NYSE:CSL)

Number of Hedge Fund Holders: 29

Carlisle Companies Incorporated (NYSE:CSL) is an Arizona-based company that operates as a diversified manufacturer of engineered products, with three main segments – Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies. The company posted on April 28 a Q1 EPS of $4.26 and a revenue of $1.50 billion, outperforming estimates by $1.79 and $153.85 million, respectively. 

Securities filings for Q1 2022 reveal that Steve Cohen’s Point72 Asset Management acquired 371,126 shares of Carlisle Companies Incorporated (NYSE:CSL), worth $91.2 million, representing 0.36% of the total 13F holdings. 

On May 9, Credit Suisse analyst Daniel Oppenheim raised the price target on Carlisle Companies Incorporated (NYSE:CSL) to $300 from $275 and kept a Neutral rating on the shares. The analyst also lifted estimates due to pricing power and healthy backlog, and noted that robust underlying trends in Carlisle Companies Incorporated (NYSE:CSL) offer upside potential.

According to Insider Monkey’s Q1 data, 29 hedge funds were bullish on Carlisle Companies Incorporated (NYSE:CSL), up from 21 funds in the preceding quarter. David Blood and Al Gore’s Generation Investment Management is the leading shareholder of the company, with 1.6 million shares worth $411.2 million.