SEB Asset Management AB Purchases Shares of 20,333 Carlisle Companies Incorporated $CSL

SEB Asset Management AB acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the first quarter, Holdings Channel.com reports. The fund acquired 20,333 shares of the conglomerate’s stock, valued at approximately $6,783,000.

Other large investors have also modified their holdings of the company. Swiss National Bank raised its position in shares of Carlisle Companies by 4.7% during the first quarter. Swiss National Bank now owns 122,620 shares of the conglomerate’s stock worth $40,908,000 after purchasing an additional 5,480 shares during the period. Mediolanum International Funds Ltd boosted its position in shares of Carlisle Companies by 6.8% in the 1st quarter. Mediolanum International Funds Ltd now owns 45,434 shares of the conglomerate’s stock valued at $14,805,000 after purchasing an additional 2,911 shares during the period. Kinsale Capital Group Inc. increased its stake in Carlisle Companies by 7.6% in the 1st quarter. Kinsale Capital Group Inc. now owns 17,312 shares of the conglomerate’s stock worth $5,776,000 after purchasing an additional 1,221 shares in the last quarter. Heartland Advisors Inc. increased its stake in Carlisle Companies by 88.7% in the 1st quarter. Heartland Advisors Inc. now owns 15,644 shares of the conglomerate’s stock worth $5,219,000 after purchasing an additional 7,355 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Carlisle Companies by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock worth $207,078,000 after buying an additional 17,847 shares during the period. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research 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. Robert W. Baird cut their price target on shares of Carlisle Companies from $425.00 to $405.00 and set an “outperform” rating on the stock in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Truist Financial decreased their price objective 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. Finally, Oppenheimer boosted their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $399.29.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $322.90 on Wednesday. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.03 and a beta of 0.85. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year 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 business has a fifty day simple moving average of $347.18 and a 200 day simple moving average of $355.73.

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

Carlisle Companies Dividend Announcement

The company also recently declared 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 of this dividend was Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Carlisle Companies’s payout ratio is presently 25.87%.

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.