ABN AMRO Bank N.V. Takes Position in Carlisle Companies Incorporated $CSL

ABN AMRO Bank N.V. acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,945 shares of the conglomerate's stock, valued at approximately $7,591,000. ABN AMRO Bank N.V. owned approximately 0.05% of Carlisle Companies as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies in the fourth quarter worth $27,000. Osterweis Capital Management Inc. acquired a new position in Carlisle Companies in the 2nd quarter valued at $36,000. Signature Equity Partners LLC grew its stake in Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate's stock valued at $32,000 after buying an additional 94 shares during the last quarter. Allied Private Wealth LLC bought a new position in Carlisle Companies in the 2nd quarter worth $33,000. Finally, Torren Management LLC bought a new position in Carlisle Companies in the 4th quarter worth $33,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 1.5%

Shares of CSL stock opened at $370.12 on Friday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The stock has a fifty day moving average price of $356.40 and a 200 day moving average price of $357.73. The stock has a market cap of $14.70 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business's revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.27 EPS. Analysts predict that Carlisle Companies Incorporated will post 21.21 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This is an increase 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 payout ratio is presently 25.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James Financial began coverage on shares of Carlisle Companies in a report on Monday, April 27th. They set an "outperform" rating and a $425.00 price target for the company. Truist Financial dropped 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. Weiss Ratings restated a "hold (c)" rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Finally, Oppenheimer raised their target price on Carlisle Companies from $420.00 to $425.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Carlisle Companies presently has an average rating of "Moderate Buy" and a consensus price target of $401.17.

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.

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