7,572 Shares in Carlisle Companies Incorporated $CSL Bought by Nykredit A S

Nykredit A S purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,572 shares of the conglomerate’s stock, valued at approximately $2,747,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. MML Investors Services LLC grew its stake in shares of Carlisle Companies by 1.1% in the fourth quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock valued at $799,000 after buying an additional 27 shares in the last quarter. Raiffeisen Bank International AG lifted its position in Carlisle Companies by 12.8% during the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock worth $80,000 after acquiring an additional 28 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Carlisle Companies by 1.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock worth $716,000 after acquiring an additional 29 shares in the last quarter. Boston Common Asset Management LLC boosted its holdings in Carlisle Companies by 0.6% in the 1st quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock worth $1,731,000 after acquiring an additional 30 shares during the period. Finally, Next Level Private LLC boosted its holdings in Carlisle Companies by 0.3% in the 1st quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock worth $4,092,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CSL shares. DA Davidson began coverage on shares of Carlisle Companies in a research report on Monday, August 24th. They issued a “neutral” rating and a $410.00 price objective for the company. Weiss Ratings upgraded shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Truist Financial lowered their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Finally, Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $402.43.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $352.98 on Monday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The stock has a market cap of $14.02 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The stock has a 50 day moving average of $356.31 and a 200-day moving average of $354.95.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.27 earnings per share. On average, analysts expect that Carlisle Companies Incorporated will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 annualized dividend and a yield of 1.4%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is 28.69%.

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.