Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 16,219 Carlisle Companies Incorporated $CSL

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,219 shares of the conglomerate’s stock, valued at approximately $6,056,000.

Other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Carlisle Companies by 0.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 39,077 shares of the conglomerate’s stock worth $14,591,000 after acquiring an additional 100 shares during the last quarter. BHK Investment Advisors LLC grew its stake in shares of Carlisle Companies by 2.0% during the second quarter. BHK Investment Advisors LLC now owns 2,568 shares of the conglomerate’s stock valued at $959,000 after purchasing an additional 50 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Carlisle Companies by 0.8% in the first quarter. Summit Investment Advisors Inc. now owns 16,952 shares of the conglomerate’s stock valued at $5,772,000 after purchasing an additional 133 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Carlisle Companies in the 2nd quarter worth approximately $494,000. Finally, KCM Investment Advisors LLC lifted its holdings in Carlisle Companies by 10.4% during the 2nd quarter. KCM Investment Advisors LLC now owns 59,957 shares of the conglomerate’s stock worth $22,388,000 after buying an additional 5,665 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CSL shares. The Goldman Sachs Group lowered their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Vertical Research initiated coverage on Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating for the company. Truist Financial cut their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $320.54 on Thursday. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $472.66. 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 firm has a market cap of $13.39 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. The business’s 50 day moving average is $337.51 and its 200-day moving average is $369.70.

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

Carlisle Companies Announces Dividend

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

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.