United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in Carlisle Companies Incorporated $CSL

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,832 shares of the conglomerate’s stock, valued at approximately $8,582,000.

Other large investors have also bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies in the fourth quarter worth $27,000. Torren Management LLC acquired a new stake in Carlisle Companies in the fourth quarter worth $33,000. Osterweis Capital Management Inc. acquired a new stake in Carlisle Companies in the second quarter worth $36,000. SBI Securities Co. Ltd. grew its holdings in Carlisle Companies by 43.0% in the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after purchasing an additional 34 shares during the period. Finally, LRI Investments LLC acquired a new stake in Carlisle Companies in the third quarter worth $41,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 0.6%

CSL opened at $342.70 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The company’s 50-day moving average is $344.69 and its 200 day moving average is $347.79. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The firm has a market capitalization of $13.87 billion, a P/E ratio of 20.15, a PEG ratio of 1.09 and a beta of 0.88.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm earned $3.61 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Research analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Raymond James Financial initiated coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Truist Financial raised their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $405.00.

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.