Guinness Asset Management LTD Has $7.81 Million Position in Carlisle Companies Incorporated $CSL

Guinness Asset Management LTD lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,887 shares of the conglomerate’s stock after purchasing an additional 1,737 shares during the quarter. Guinness Asset Management LTD owned 0.06% of Carlisle Companies worth $7,808,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its stake in Carlisle Companies by 113.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after purchasing an additional 558,710 shares in the last quarter. Barclays PLC lifted its position in shares of Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after buying an additional 451,662 shares during the last quarter. Sands Capital Management LLC lifted its position in shares of Carlisle Companies by 99.2% in the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after buying an additional 423,141 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Carlisle Companies by 10,568.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock valued at $124,489,000 after buying an additional 385,550 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $76,626,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $334.18 on Friday. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The business has a fifty day moving average price of $344.71 and a two-hundred day moving average price of $347.12. 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 stock has a market capitalization of $13.52 billion, a PE ratio of 19.65, a P/E/G ratio of 1.05 and a beta of 0.88.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company posted $3.61 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts predict that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a $1.10 dividend. The ex-dividend date is Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. JPMorgan Chase & Co. lifted their price target on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Robert W. Baird lifted their price target on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Truist Financial lifted their price target on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Finally, Raymond James Financial assumed coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Hold” and an average price target of $405.00.

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.