Northwestern Mutual Wealth Management Co. Takes Position in Carlisle Companies Incorporated $CSL

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,550 shares of the conglomerate’s stock, valued at approximately $925,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new position in Carlisle Companies during the 4th quarter worth $27,000. Signature Equity Partners LLC increased its position in shares of Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 94 shares during the last quarter. Torren Management LLC bought a new stake in shares of Carlisle Companies in the 4th quarter worth about $33,000. Allied Private Wealth LLC acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $33,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $36,000. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

Carlisle Companies Stock Up 0.1%

Shares of Carlisle Companies stock opened at $362.95 on Wednesday. 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 business’s 50 day simple moving average is $358.87 and its 200-day simple moving average is $358.26. The stock has a market capitalization of $14.41 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.14 and a beta of 0.85. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $6.27 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Equities research analysts forecast that Carlisle Companies Incorporated will post 21.29 earnings per share for the current year.

Carlisle Companies Increases Dividend

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

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.