Jupiter Topco LLC Takes Position in Carlisle Companies Incorporated $CSL

Jupiter Topco LLC acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 249,295 shares of the conglomerate’s stock, valued at approximately $90,431,000.

Other institutional investors have also made changes to their positions in the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at $8,582,000. SEB Asset Management AB bought a new position in Carlisle Companies in the first quarter valued at about $6,783,000. Brandywine Global Investment Management LLC boosted its holdings in Carlisle Companies by 49.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 86,311 shares of the conglomerate’s stock valued at $27,607,000 after acquiring an additional 28,493 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Carlisle Companies in the first quarter valued at about $2,183,000. Finally, Glenview Trust Co increased its position in Carlisle Companies by 34.9% in the first quarter. Glenview Trust Co now owns 43,231 shares of the conglomerate’s stock worth $14,423,000 after purchasing an additional 11,179 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Up 0.8%

NYSE CSL opened at $366.08 on Thursday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91. The stock has a 50-day simple moving average of $359.35 and a 200 day simple moving average of $358.01. 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 company has a market capitalization of $14.54 billion, a PE ratio of 21.00, a P/E/G ratio of 1.14 and a beta of 0.85.

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

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is 28.69%.

Analysts Set New Price Targets

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

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.