Fifth Third Bancorp Acquires 16,285 Shares of Carlisle Companies Incorporated $CSL

Fifth Third Bancorp boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1,428.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,425 shares of the conglomerate’s stock after buying an additional 16,285 shares during the quarter. Fifth Third Bancorp’s holdings in Carlisle Companies were worth $5,813,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. First Manhattan CO. LLC. bought a new stake in Carlisle Companies during the 4th quarter valued at $140,256,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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. Generation Investment Management LLP bought a new stake in Carlisle Companies during the fourth quarter valued at about $109,217,000. Norges Bank bought a new stake in Carlisle Companies during the fourth quarter valued at about $87,543,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Carlisle Companies during the fourth quarter valued at about $76,626,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 2.4%

NYSE:CSL opened at $352.28 on Friday. The company has a market cap of $14.26 billion, a PE ratio of 20.71, a P/E/G ratio of 1.08 and a beta of 0.85. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The company’s 50 day moving average is $348.65 and its two-hundred day moving average is $355.56.

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 analysts’ consensus estimates of $3.31 by $0.32. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. Carlisle Companies’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.61 EPS. Analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a $1.10 dividend. The ex-dividend date was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CSL shares. Raymond James Financial started coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price for the company. Oppenheimer raised their price target 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. Truist Financial cut their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Finally, Robert W. Baird boosted their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Hold” and a consensus target price of $402.14.

About Carlisle Companies

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.