Nykredit A S Invests $2.75 Million in Carlisle Companies Incorporated $CSL

Nykredit A S purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, Holdings Channel reports. The firm purchased 7,572 shares of the conglomerate’s stock, valued at approximately $2,747,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. XML Financial LLC lifted its stake in Carlisle Companies by 5.6% during the second quarter. XML Financial LLC now owns 1,790 shares of the conglomerate’s stock worth $649,000 after purchasing an additional 95 shares during the last quarter. Teza Capital Management LLC bought a new stake in Carlisle Companies during the second quarter valued at $250,000. Quantitative Investment Management LLC bought a new stake in Carlisle Companies during the second quarter valued at $331,000. Two Sigma Securities LLC acquired a new stake in shares of Carlisle Companies during the second quarter worth $371,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Carlisle Companies by 1.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,550 shares of the conglomerate’s stock worth $925,000 after purchasing an additional 41 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Trading Up 0.2%

Carlisle Companies stock opened at $352.98 on Monday. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average price of $356.31 and a two-hundred day moving average price of $354.95. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.10 and a beta of 0.84. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $432.91.

Carlisle Companies (NYSE:CSL) last announced its quarterly 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 company 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% compared to the same quarter last year. During the same quarter last year, the business earned $6.27 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 21.27 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a $1.25 dividend. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Carlisle Companies’s dividend payout ratio is currently 28.69%.

Carlisle Companies Company 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.