Norges Bank Makes New Investment in Carlisle Companies Incorporated $CSL

Norges Bank purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 273,693 shares of the conglomerate’s stock, valued at approximately $87,543,000.

A number of other institutional investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund raised its position in shares of Carlisle Companies by 0.6% during the third quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock worth $1,849,000 after purchasing an additional 33 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Carlisle Companies by 43.0% during 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. Mackenzie Financial Corp raised its position in shares of Carlisle Companies by 1.0% during the third quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock worth $1,160,000 after purchasing an additional 34 shares during the period. Huntington National Bank raised its position in shares of Carlisle Companies by 25.2% during the fourth quarter. Huntington National Bank now owns 169 shares of the conglomerate’s stock worth $54,000 after purchasing an additional 34 shares during the period. Finally, Nicolet Advisory Services LLC raised its position in shares of Carlisle Companies by 3.5% during the third quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock worth $337,000 after purchasing an additional 35 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 1.0%

Shares of NYSE:CSL opened at $346.01 on Friday. The company has a market capitalization of $14.00 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86. 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 business has a fifty day moving average price of $345.53 and a two-hundred day moving average price of $348.71. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92.

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

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio is 25.87%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Robert W. Baird increased their price target on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Oppenheimer upped their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and a consensus price target of $405.00.

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.