Mitsubishi UFJ Trust & Banking Corp Increases Stock Position in Carlisle Companies Incorporated $CSL

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 36.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 74,426 shares of the conglomerate’s stock after purchasing an additional 19,707 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Carlisle Companies were worth $27,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSL. Cooke & Bieler LP purchased a new stake in shares of Carlisle Companies during the 1st quarter valued at $74,095,000. Leith Wheeler Investment Counsel Ltd. grew its position in Carlisle Companies by 755.3% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock worth $91,000 after acquiring an additional 214,226 shares in the last quarter. Pacer Advisors Inc. increased its stake in Carlisle Companies by 1,611.7% in the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock valued at $73,202,000 after acquiring an additional 202,425 shares during the last quarter. Nuveen LLC bought a new position in Carlisle Companies in the first quarter valued at $62,485,000. Finally, Bessemer Group Inc. raised its position in Carlisle Companies by 26.7% during the second 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 in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CSL shares. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. The Goldman Sachs Group dropped their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Vertical Research started coverage on Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating for the company. Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. decreased 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 note on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Trading Down 1.7%

Shares of CSL stock opened at $315.30 on Friday. The business has a 50-day moving average of $335.98 and a 200 day moving average of $369.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $472.66. The stock has a market capitalization of $13.18 billion, a PE ratio of 17.88, a P/E/G ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, beating the consensus estimate of $5.47 by $0.14. The firm had revenue of $1.35 billion during 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 in the previous year, the company posted $5.78 earnings per share. Carlisle Companies has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders 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 annualized dividend and a yield of 1.4%. Carlisle Companies’s dividend payout ratio is presently 24.96%.

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.