Carlisle Companies Incorporated $CSL Position Increased by Swiss National Bank

Swiss National Bank grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,620 shares of the conglomerate’s stock after buying an additional 5,480 shares during the quarter. Swiss National Bank’s holdings in Carlisle Companies were worth $40,908,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. First Manhattan CO. LLC. acquired a new stake in shares of Carlisle Companies during the fourth quarter valued at approximately $140,256,000. Northwestern Mutual Wealth Management Co. boosted its stake in Carlisle Companies by 10,568.8% in 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 period. Generation Investment Management LLP purchased a new position in Carlisle Companies during the 4th quarter worth approximately $109,217,000. Norges Bank purchased a new position in Carlisle Companies during the 4th quarter worth approximately $87,543,000. Finally, Bank of New York Mellon Corp raised its stake in Carlisle Companies by 26.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock valued at $397,561,000 after purchasing an additional 251,614 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Oppenheimer increased their target price on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Truist Financial lowered their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Robert W. Baird reduced their price objective on Carlisle Companies from $425.00 to $405.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $399.29.

Carlisle Companies Stock Up 1.5%

Carlisle Companies stock opened at $327.36 on Thursday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The firm has a market cap of $13.25 billion, a PE ratio of 19.24, a P/E/G ratio of 1.02 and a beta of 0.85. The firm’s 50 day moving average price is $346.81 and its two-hundred day moving average price is $355.79.

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

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders 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 1.3%. Carlisle Companies’s payout ratio is 25.87%.

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.