Mawer Investment Management Ltd. Acquires 9,658 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Mawer Investment Management Ltd. increased its stake in Carlisle Companies by 23.9%, owning nearly 49,995 shares worth approximately $17 million as of the latest reporting period.
• Analysts have a generally positive outlook on Carlisle Companies, with an average rating of "Moderate Buy" and a price target of $461.67, including several upgrades and price adjustments from various firms.
• In addition to share acquisitions, Carlisle Companies recently paid a quarterly dividend of $1.00, representing an annualized yield of 0.94% and a payout ratio of 14.89%.

Mawer Investment Management Ltd. increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 23.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,995 shares of the conglomerate's stock after purchasing an additional 9,658 shares during the period. Mawer Investment Management Ltd. owned 0.12% of Carlisle Companies worth $17,023,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CSL. LPL Financial LLC grew its stake in shares of Carlisle Companies by 5.1% during the 4th quarter. LPL Financial LLC now owns 47,391 shares of the conglomerate's stock valued at $17,480,000 after buying an additional 2,305 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Carlisle Companies by 9.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,377 shares of the conglomerate's stock worth $12,758,000 after buying an additional 3,023 shares in the last quarter. Norges Bank acquired a new position in Carlisle Companies in the 4th quarter worth $208,095,000. New Age Alpha Advisors LLC acquired a new position in Carlisle Companies in the 4th quarter worth $178,000. Finally, DnB Asset Management AS lifted its holdings in Carlisle Companies by 0.8% in the 4th quarter. DnB Asset Management AS now owns 12,043 shares of the conglomerate's stock worth $4,442,000 after buying an additional 97 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSL has been the topic of a number of recent analyst reports. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and cut their price objective for the stock from $430.00 to $395.00 in a report on Thursday. Robert W. Baird upped their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Truist Financial cut their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $450.83.

Carlisle Companies Stock Down 1.6%

CSL stock traded down $5.55 during midday trading on Friday, reaching $349.16. The company had a trading volume of 598,364 shares, compared to its average volume of 460,350. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $15.10 billion, a P/E ratio of 19.54, a PEG ratio of 1.23 and a beta of 1.03. The company has a 50 day moving average of $389.19 and a two-hundred day moving average of $371.29.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 36.83%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.24 EPS. On average, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.