Quantbot Technologies LP Buys Shares of 3,418 Carlisle Companies Incorporated $CSL

Quantbot Technologies LP purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,418 shares of the conglomerate’s stock, valued at approximately $1,240,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Evolve Private Wealth LLC purchased a new stake in shares of Carlisle Companies during the second quarter valued at $264,000. Korea Investment CORP bought a new stake in Carlisle Companies in the 2nd quarter worth about $17,492,000. Callan Family Office LLC purchased a new position in Carlisle Companies in the 2nd quarter worth about $2,589,000. Heartland Advisors Inc. bought a new position in Carlisle Companies during the 2nd quarter valued at about $6,299,000. Finally, Patron Partners LLC bought a new position in Carlisle Companies during the 2nd quarter valued at about $656,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Up 0.1%

CSL opened at $362.95 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The company has a market capitalization of $14.41 billion, a PE ratio of 20.82, a PEG ratio of 1.14 and a beta of 0.85. The firm’s 50 day simple moving average is $358.87 and its two-hundred day simple moving average is $358.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping the consensus estimate of $6.35 by $0.68. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $6.27 EPS. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 21.29 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently announced 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 annualized dividend and a 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 dividend payout ratio (DPR) is presently 28.69%.

Analysts Set New Price Targets

A number of analysts have recently commented on CSL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Truist Financial lowered their price objective on shares of 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 target price on shares of Carlisle Companies in a report on Thursday, July 30th. Finally, DA Davidson started coverage on shares of Carlisle Companies in a research report on Monday. They issued a “neutral” rating and a $410.00 target price for the company. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Hold” and an average price target of $402.43.

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.