Meiji Yasuda Asset Management Co Ltd. Purchases Shares of 9,831 Carlisle Companies Incorporated $CSL

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,831 shares of the conglomerate’s stock, valued at approximately $3,566,000.

Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new position in Carlisle Companies during the second quarter worth $1,499,602,000. State Street Corp lifted its position in shares of Carlisle Companies by 6.9% in the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock valued at $668,616,000 after acquiring an additional 134,241 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Carlisle Companies by 26.8% in the first quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock valued at $397,561,000 after acquiring an additional 251,614 shares in the last quarter. Invesco Ltd. lifted its position in shares of Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after acquiring an additional 27,049 shares in the last quarter. Finally, Sands Capital Management LLC boosted its stake in shares of Carlisle Companies by 13.9% during the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock valued at $309,509,000 after acquiring an additional 118,139 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on CSL. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Truist Financial reduced their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a research report on Thursday, July 30th. Finally, DA Davidson set a $410.00 price objective on shares of Carlisle Companies in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $402.43.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $362.34 on Tuesday. The company has a market cap of $14.39 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.15 and a beta of 0.85. The business has a fifty day simple moving average of $358.74 and a 200-day simple moving average of $358.50. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL) last released its 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. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $6.27 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Carlisle Companies Incorporated will post 21.29 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s 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.