Carlisle Companies Incorporated $CSL Stock Holdings Boosted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10,568.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 389,198 shares of the conglomerate’s stock after purchasing an additional 385,550 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Carlisle Companies were worth $124,489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. Bridges Investment Management Inc. lifted its position in shares of Carlisle Companies by 221.3% during the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock valued at $48,721,000 after acquiring an additional 102,014 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Carlisle Companies by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after acquiring an additional 8,701 shares during the last quarter. Citigroup Inc. lifted its position in shares of Carlisle Companies by 51.8% during the 3rd quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock valued at $9,321,000 after acquiring an additional 9,673 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of Carlisle Companies during the 3rd quarter valued at $540,000. Finally, M&G PLC acquired a new stake in shares of Carlisle Companies during the 3rd quarter valued at $11,913,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $330.97 on Friday. The company’s fifty day moving average is $347.40 and its two-hundred day moving average is $347.16. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The company has a market cap of $13.39 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.04 and a beta of 0.88.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the business earned $3.61 EPS. The company’s revenue was down 4.0% on a year-over-year basis. Equities analysts expect that Carlisle Companies Incorporated will post 21.21 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, May 18th. Carlisle Companies’s payout ratio is 25.87%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Oppenheimer increased their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Truist Financial increased their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $405.00.

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.