Bank of New York Mellon Corp Purchases 251,614 Shares of Carlisle Companies Incorporated $CSL

Bank of New York Mellon Corp raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 26.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,191,660 shares of the conglomerate’s stock after buying an additional 251,614 shares during the quarter. Bank of New York Mellon Corp’s holdings in Carlisle Companies were worth $397,561,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CSL. Goldman Sachs Group Inc. grew its holdings in shares of Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after buying an additional 28,414 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Carlisle Companies by 8.4% in the 2nd quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after purchasing an additional 197 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Carlisle Companies in the second quarter worth $1,345,000. Bank of Nova Scotia lifted its holdings in shares of Carlisle Companies by 118.6% during the second quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock valued at $615,000 after purchasing an additional 893 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Carlisle Companies by 40.0% during the second quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock valued at $43,088,000 after purchasing an additional 32,996 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSL has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Robert W. Baird raised their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Finally, Truist Financial reduced their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $402.14.

Carlisle Companies Trading Down 2.2%

NYSE:CSL opened at $345.03 on Friday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The firm has a 50 day moving average of $348.34 and a 200 day moving average of $355.49. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.11 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.61 earnings per share. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

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

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.