Prudential PLC Makes New Investment in Carlisle Companies Incorporated $CSL

Prudential PLC 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 Securities and Exchange Commission (SEC). The institutional investor purchased 1,826 shares of the conglomerate’s stock, valued at approximately $584,000.

Other large investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new position in Carlisle Companies during the fourth quarter worth $27,000. Torren Management LLC acquired a new position in Carlisle Companies during the fourth quarter worth $33,000. Osterweis Capital Management Inc. acquired a new position in Carlisle Companies during the second quarter worth $36,000. SBI Securities Co. Ltd. increased 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 acquiring an additional 34 shares during the period. Finally, Rothschild Investment LLC raised its stake in shares of Carlisle Companies by 3,866.7% in the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 116 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Robert W. Baird increased their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Finally, Raymond James Financial assumed coverage on Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Stock Performance

NYSE:CSL opened at $338.07 on Tuesday. The firm has a market capitalization of $13.68 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.09 and a beta of 0.86. The business’s fifty day moving average price is $345.63 and its 200 day moving average price is $349.30. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92.

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 firm had revenue of $1.05 billion for 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%.Carlisle Companies’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.61 earnings per share. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.18 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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

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.