Carlisle Companies Incorporated $CSL Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 10,568.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 389,198 shares of the conglomerate’s stock after acquiring an additional 385,550 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.93% of Carlisle Companies worth $124,489,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CSL. Bank of New York Mellon Corp increased its holdings in Carlisle Companies by 113.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after buying an additional 558,710 shares during the last quarter. Barclays PLC increased its holdings in Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after buying an additional 451,662 shares during the last quarter. Sands Capital Management LLC increased its holdings in Carlisle Companies by 99.2% in the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after buying an additional 423,141 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Carlisle Companies in the fourth quarter valued at about $76,626,000. Finally, Captrust Financial Advisors increased its holdings in Carlisle Companies by 126.7% in the third quarter. Captrust Financial Advisors now owns 296,937 shares of the conglomerate’s stock valued at $97,680,000 after buying an additional 165,949 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 4.9%

NYSE:CSL opened at $330.97 on Friday. The firm has a market capitalization of $13.39 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.04 and a beta of 0.88. The stock has a 50 day moving average of $347.40 and a 200-day moving average of $347.16. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates 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 was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.61 earnings per share. Analysts predict that Carlisle Companies Incorporated will post 21.21 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a 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

CSL has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. boosted their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Raymond James Financial initiated coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Truist Financial boosted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Finally, William Blair reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.