Corient Private Wealth LP Acquires Shares of 11,586 Carlisle Companies Incorporated $CSL

Corient Private Wealth LP acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,586 shares of the conglomerate’s stock, valued at approximately $4,203,000.

Several other hedge funds have also modified their holdings of the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Carlisle Companies in the 4th quarter valued at $8,582,000. SEB Asset Management AB acquired a new position in Carlisle Companies during the first quarter worth $6,783,000. Lazard Asset Management LLC lifted its holdings in Carlisle Companies by 5.5% during the first quarter. Lazard Asset Management LLC now owns 190,650 shares of the conglomerate’s stock valued at $63,605,000 after purchasing an additional 10,009 shares in the last quarter. Brandywine Global Investment Management LLC grew its position in shares of Carlisle Companies by 49.3% in 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 during the period. Finally, Amundi raised its position in shares of Carlisle Companies by 80.7% during the 1st quarter. Amundi now owns 232,936 shares of the conglomerate’s stock worth $77,706,000 after purchasing an additional 104,018 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CSL. DA Davidson initiated coverage on Carlisle Companies in a report on Monday, August 24th. They issued a “neutral” rating and a $410.00 price objective on the stock. Truist Financial decreased their target price on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Robert W. Baird set a $412.00 price target on Carlisle Companies in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $402.43.

Carlisle Companies Stock Performance

NYSE CSL opened at $347.94 on Tuesday. The stock has a fifty day simple moving average of $358.95 and a 200-day simple moving average of $356.90. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The stock has a market cap of $13.82 billion, a PE ratio of 19.96, a P/E/G ratio of 1.12 and a beta of 0.85. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. The firm had revenue of $1.57 billion for 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%. Carlisle Companies’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.27 EPS. Equities analysts anticipate that Carlisle Companies Incorporated will post 21.27 earnings per share for the current year.

Carlisle Companies Increases Dividend

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

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.