PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,419 shares of the conglomerate’s stock, valued at approximately $11,649,000.
Several other hedge funds have also bought and sold shares of CSL. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies in the 4th quarter valued at $27,000. Torren Management LLC acquired a new stake in Carlisle Companies in the 4th quarter valued at $33,000. Osterweis Capital Management Inc. acquired a new stake in Carlisle Companies in the 2nd quarter valued at $36,000. SBI Securities Co. Ltd. grew its position in Carlisle Companies by 43.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after purchasing an additional 34 shares during the period. Finally, Rothschild Investment LLC lifted its stake in Carlisle Companies by 3,866.7% during the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. upped their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Truist Financial upped their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $405.00.
Carlisle Companies Stock Performance
NYSE CSL opened at $346.01 on Friday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The firm has a market cap of $14.00 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.08 and a beta of 0.86. The company has a fifty day moving average price of $345.53 and a 200-day moving average price of $348.71.
Carlisle Companies (NYSE:CSL – Get Free Report) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.61 EPS. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.
Carlisle Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid 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 was Monday, May 18th. Carlisle Companies’s payout ratio is presently 25.87%.
Carlisle Companies Company Profile
Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.
Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.
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