Meiji Yasuda Asset Management Co Ltd. Takes Position in Carlisle Companies Incorporated $CSL

Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, HoldingsChannel reports. The fund acquired 9,831 shares of the conglomerate’s stock, valued at approximately $3,566,000.

Several other large investors have also made changes to their positions in CSL. BlackRock Inc. acquired a new position in Carlisle Companies in the second quarter valued at $1,499,602,000. Bank of New York Mellon Corp acquired a new stake in Carlisle Companies during the second quarter worth about $405,245,000. First Manhattan CO. LLC. purchased a new position in shares of Carlisle Companies in the 4th quarter worth about $140,256,000. Madison Asset Management LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at about $152,865,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 valued at $124,489,000 after purchasing an additional 385,550 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Truist Financial decreased their target price on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research report on Thursday, July 30th. Raymond James Financial started coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company. Finally, DA Davidson set a $410.00 target price on shares of Carlisle Companies in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average target price of $402.43.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $362.34 on Tuesday. The business’s 50-day simple moving average is $358.74 and its 200 day simple moving average is $358.50. The company has a market cap of $14.39 billion, a P/E ratio of 20.79, a PEG ratio of 1.15 and a beta of 0.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the business earned $6.27 EPS. Carlisle Companies’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 21.29 earnings per share 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. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 19th. Carlisle Companies’s payout ratio is currently 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.