Nordea Investment Management AB Has $6.63 Million Stake in Carlisle Companies Incorporated $CSL

Nordea Investment Management AB grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 57.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,848 shares of the conglomerate’s stock after buying an additional 6,547 shares during the quarter. Nordea Investment Management AB’s holdings in Carlisle Companies were worth $6,629,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSL. GFG Capital LLC acquired a new position in Carlisle Companies during the 2nd quarter worth approximately $25,000. Hemington Wealth Management boosted its stake in Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares in the last quarter. Dagco Inc. acquired a new position in Carlisle Companies during the first quarter worth $27,000. Costello Asset Management INC acquired a new position in Carlisle Companies during the second quarter worth $34,000. Finally, MAI Capital Management raised its holdings in shares of Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 1.7%

Shares of NYSE CSL opened at $329.26 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $473.16. The firm has a market capitalization of $14.08 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. The firm has a fifty day simple moving average of $357.53 and a two-hundred day simple moving average of $372.07.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $6.24 earnings per share. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s payout ratio is 24.58%.

Wall Street Analyst Weigh In

CSL has been the subject of a number of research analyst reports. Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Oppenheimer decreased their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group reduced their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Vertical Research began coverage on shares of Carlisle Companies in a research note on Monday. They set a “hold” rating for the company. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $390.00.

Carlisle Companies Company Profile

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.