The Manufacturers Life Insurance Company Grows Stock Holdings in Carlisle Companies Incorporated $CSL

The Manufacturers Life Insurance Company grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 18.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,343 shares of the conglomerate’s stock after acquiring an additional 4,341 shares during the period. The Manufacturers Life Insurance Company’s holdings in Carlisle Companies were worth $9,122,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CSL. BOK Financial Private Wealth Inc. bought a new stake in shares of Carlisle Companies in the fourth quarter worth about $27,000. Signature Equity Partners LLC raised its position in Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. Torren Management LLC bought a new position in Carlisle Companies during the 4th quarter valued at approximately $33,000. Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies in the 2nd quarter worth approximately $36,000. Finally, Quarry LP bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $36,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $371.05 on Tuesday. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $432.91. The stock’s 50 day simple moving average is $349.26 and its two-hundred day simple moving average is $356.20. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.13 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.35 by $0.68. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.27 EPS. As a group, analysts expect that Carlisle Companies Incorporated will post 21.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CSL. Truist Financial reduced their target price on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Oppenheimer raised their price target on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Raymond James Financial began coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective on the stock. Finally, Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a report on Thursday. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

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.