Louisiana State Employees Retirement System purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,800 shares of the conglomerate’s stock, valued at approximately $3,937,000.
Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Carlisle Companies by 947.3% during the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after acquiring an additional 451,662 shares during the last quarter. First Manhattan CO. LLC. acquired a new stake in Carlisle Companies in the 4th quarter worth approximately $140,256,000. Sands Capital Management LLC boosted its stake in Carlisle Companies by 99.2% in the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after purchasing an additional 423,141 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Carlisle Companies by 10,568.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock worth $124,489,000 after purchasing an additional 385,550 shares during the last quarter. Finally, Generation Investment Management LLP purchased a new stake in Carlisle Companies during the 4th quarter worth approximately $109,217,000. Institutional investors and hedge funds own 89.52% of the company’s stock.
Analyst Ratings Changes
CSL has been the subject of a number of research analyst reports. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Oppenheimer boosted their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday. Raymond James Financial started coverage on Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price for the company. Finally, Truist Financial lifted their price target on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Carlisle Companies has an average rating of “Hold” and a consensus price target of $405.00.
Carlisle Companies Stock Up 0.1%
CSL stock opened at $388.75 on Friday. The firm’s fifty day simple moving average is $350.72 and its 200-day simple moving average is $353.30. The company has a market capitalization of $15.73 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92.
Carlisle Companies (NYSE:CSL – Get Free Report) last issued its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.32. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.61 earnings per share. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.
Carlisle Companies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 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.
Read More
- Five stocks we like better than Carlisle Companies
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Companies Incorporated (NYSE:CSL – Free Report).
Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.
