UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $190.51 Million Stake in Carlisle Companies Incorporated $CSL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Carlisle Companies Incorporated (NYSE:CSLFree Report) by 22.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,177 shares of the conglomerate’s stock after acquiring an additional 97,326 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Carlisle Companies were worth $190,508,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. acquired a new stake in Carlisle Companies during the 2nd quarter valued at $1,499,602,000. State Street Corp boosted its stake in Carlisle Companies by 6.9% in the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after purchasing an additional 134,241 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Carlisle Companies by 26.8% during the first quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after purchasing an additional 251,614 shares during the last quarter. Invesco Ltd. increased its stake in shares of Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after buying an additional 27,049 shares in the last quarter. Finally, Sands Capital Management LLC increased its stake in shares of Carlisle Companies by 13.9% in the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock valued at $309,509,000 after buying an additional 118,139 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $347.94 on Tuesday. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The stock has a market capitalization of $13.82 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.12 and a beta of 0.85. The business has a 50-day moving average price of $358.95 and a two-hundred day moving average price of $356.90.

Carlisle Companies (NYSE:CSLGet Free Report) last issued its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.27 EPS. Equities analysts predict that Carlisle Companies Incorporated will post 21.27 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio is presently 28.69%.

Wall Street Analyst Weigh In

CSL has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Truist Financial dropped their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. DA Davidson initiated coverage on shares of Carlisle Companies in a research report on Monday, August 24th. They set a “neutral” rating and a $410.00 target price on the stock. Finally, Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a research report on Thursday, July 30th. Five investment 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.com, Carlisle Companies has an average rating of “Hold” and a consensus price target of $402.43.

Read Our Latest Report on Carlisle Companies

About Carlisle Companies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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