Vise Technologies Inc. Invests $585,000 in Carlisle Companies Incorporated $CSL

Vise Technologies Inc. bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, Holdings Channel reports. The institutional investor bought 1,613 shares of the conglomerate’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Carlisle Companies during the second quarter valued at $1,499,602,000. Bank of New York Mellon Corp purchased a new position in shares of Carlisle Companies in the 2nd quarter worth $405,245,000. First Manhattan CO. LLC. bought a new stake in shares of Carlisle Companies in the 4th quarter worth about $140,256,000. Madison Asset Management LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter worth about $152,865,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Carlisle Companies by 10,568.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock valued at $124,489,000 after buying an additional 385,550 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $362.34 on Tuesday. The firm has a 50-day moving average price of $358.74 and a 200-day moving average price of $358.50. The firm has a market capitalization of $14.39 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.15 and a beta of 0.85. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The company 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 firm posted $6.27 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 21.29 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 19th. Carlisle Companies’s dividend payout ratio (DPR) is presently 28.69%.

Wall Street Analysts Forecast Growth

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

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.