Forsta AP Fonden Boosts Holdings in Carlisle Companies Incorporated $CSL

Forsta AP Fonden boosted its position in Carlisle Companies Incorporated (NYSE:CSL) by 138.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 28,400 shares of the conglomerate’s stock after acquiring an additional 16,500 shares during the quarter. Forsta AP Fonden’s holdings in Carlisle Companies were worth $10,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC purchased a new position in shares of Carlisle Companies during the 2nd quarter valued at approximately $46,018,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Carlisle Companies by 36.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 74,426 shares of the conglomerate’s stock valued at $27,791,000 after acquiring an additional 19,707 shares in the last quarter. National Pension Service raised its holdings in Carlisle Companies by 2.6% in the second quarter. National Pension Service now owns 23,721 shares of the conglomerate’s stock valued at $8,857,000 after acquiring an additional 591 shares in the last quarter. Vise Technologies Inc. bought a new position in Carlisle Companies during the 2nd quarter valued at $541,000. Finally, Allworth Financial LP grew its holdings in Carlisle Companies by 157.1% during the 2nd quarter. Allworth Financial LP now owns 437 shares of the conglomerate’s stock worth $163,000 after acquiring an additional 267 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Down 1.7%

NYSE:CSL opened at $315.30 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average of $335.98 and a 200-day moving average of $369.32. The firm has a market capitalization of $13.18 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $472.66.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.14. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $5.78 EPS. Carlisle Companies has set its FY 2025 guidance at EPS. Analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Carlisle Companies’s payout ratio is 24.96%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CSL. JPMorgan Chase & Co. reduced their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Robert W. Baird cut their price objective on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Truist Financial decreased their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Finally, Loop Capital downgraded Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $386.67.

Carlisle Companies 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.