Northwestern Mutual Wealth Management Co. Buys Shares of 2,550 Carlisle Companies Incorporated $CSL

Northwestern Mutual Wealth Management Co. bought a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, HoldingsChannel reports. The fund bought 2,550 shares of the conglomerate’s stock, valued at approximately $925,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Carlisle Companies in the fourth quarter worth $8,582,000. SEB Asset Management AB bought a new stake in shares of Carlisle Companies during the first quarter valued at about $6,783,000. Brandywine Global Investment Management LLC raised its stake in shares of Carlisle Companies by 49.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 86,311 shares of the conglomerate’s stock valued at $27,607,000 after purchasing an additional 28,493 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Carlisle Companies during the first quarter valued at about $2,183,000. Finally, Lazard Asset Management LLC lifted its holdings in Carlisle Companies by 5.5% in the first quarter. Lazard Asset Management LLC now owns 190,650 shares of the conglomerate’s stock worth $63,605,000 after purchasing an additional 10,009 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE:CSL opened at $362.95 on Wednesday. The company has a 50-day moving average of $358.87 and a 200-day moving average of $358.26. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85. 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 twelve month low of $293.43 and a twelve month high of $432.91.

Carlisle Companies (NYSE:CSL) last released its 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. The business had revenue of $1.57 billion during 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 business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $6.27 earnings per share. Analysts forecast that Carlisle Companies Incorporated will post 21.29 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be given a dividend of $1.25 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 19th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies’s payout ratio is currently 28.69%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. DA Davidson assumed coverage on shares of Carlisle Companies in a research note on Monday. They issued a “neutral” rating and a $410.00 price target for the company. Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a report on Thursday, July 30th. Finally, Truist Financial lowered 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 note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $402.43.

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.