Chesley Taft & Associates LLC Acquires 4,564 Shares of Carlisle Companies Incorporated $CSL

Chesley Taft & Associates LLC boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 80.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 10,224 shares of the conglomerate’s stock after purchasing an additional 4,564 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Carlisle Companies were worth $3,709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MML Investors Services LLC lifted its holdings in shares of Carlisle Companies by 1.1% during the fourth quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock worth $799,000 after buying an additional 27 shares during the last quarter. Raiffeisen Bank International AG boosted its position in shares of Carlisle Companies by 12.8% in the fourth quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock valued at $80,000 after acquiring an additional 28 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of Carlisle Companies by 1.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock worth $716,000 after acquiring an additional 29 shares during the last quarter. Boston Common Asset Management LLC grew its stake in shares of Carlisle Companies by 0.6% in the first quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock worth $1,731,000 after acquiring an additional 30 shares during the last quarter. Finally, Next Level Private LLC increased its position in Carlisle Companies by 0.3% during the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock worth $4,092,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Oppenheimer boosted their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a research report on Thursday, July 30th. Finally, Truist Financial reduced their target price on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $401.17.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $387.00 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The company has a market capitalization of $15.37 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 1.22 and a beta of 0.85. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The business has a 50 day simple moving average of $352.60 and a 200 day simple moving average of $356.86.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $6.27 EPS. Carlisle Companies’s quarterly revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 21.21 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio is presently 25.24%.

Carlisle Companies 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.