Citizens Financial Group Inc. RI Buys Shares of 683 Carlisle Companies Incorporated $CSL

Citizens Financial Group Inc. RI purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 683 shares of the conglomerate’s stock, valued at approximately $255,000.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Carlisle Companies by 11.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after acquiring an additional 130,235 shares during the period. Bessemer Group Inc. lifted its stake in shares of Carlisle Companies by 26.7% in the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock valued at $238,791,000 after purchasing an additional 134,718 shares during the last quarter. Madison Asset Management LLC grew its holdings in shares of Carlisle Companies by 28.2% during the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock worth $175,403,000 after purchasing an additional 113,312 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Carlisle Companies by 11.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock worth $170,017,000 after purchasing an additional 50,578 shares during the period. Finally, Northern Trust Corp raised its holdings in Carlisle Companies by 1.4% in the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock valued at $168,737,000 after buying an additional 6,948 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $304.03 on Thursday. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a 52-week low of $295.09 and a 52-week high of $472.66. The firm has a market cap of $12.70 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. The company’s 50 day moving average is $329.27 and its two-hundred day moving average is $367.08.

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

Carlisle Companies Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on CSL shares. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Robert W. Baird lowered their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. dropped their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. The Goldman Sachs Group cut their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Vertical Research initiated coverage on Carlisle Companies in a research report on Monday, October 20th. 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 assigned a Sell rating to the company. According to data from MarketBeat, Carlisle Companies currently has a consensus rating of “Hold” and a consensus target price of $386.67.

About Carlisle Companies

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.