Mitsubishi UFJ Asset Management Co. Ltd. Buys 4,600 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Carlisle Companies by 13.4% in Q1, holding approximately 0.09% of the company valued at $13.27 million.
• Carlisle Companies declared a quarterly dividend of $1.10, up from the previous $1.00, reflecting a low payout ratio of 22.35%.
• The stock has a consensus rating of "Moderate Buy" with analysts setting an average price target of $450.83.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 13.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,977 shares of the conglomerate's stock after purchasing an additional 4,600 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Carlisle Companies worth $13,272,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Carlisle Companies by 38,164.5% in the first quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after acquiring an additional 505,680 shares in the last quarter. Cooke & Bieler LP acquired a new position in shares of Carlisle Companies in the first quarter valued at about $74,095,000. Pacer Advisors Inc. grew its stake in shares of Carlisle Companies by 1,611.7% in the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock valued at $73,202,000 after acquiring an additional 202,425 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Carlisle Companies in the fourth quarter valued at about $55,104,000. Finally, TOMS Capital Investment Management LP acquired a new position in shares of Carlisle Companies in the fourth quarter valued at about $54,219,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of CSL stock traded down $7.17 on Thursday, reaching $391.81. The company had a trading volume of 426,510 shares, compared to its average volume of 465,348. The business's 50-day moving average is $385.93 and its 200 day moving average is $369.32. The stock has a market capitalization of $16.75 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89.

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 (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business posted $6.24 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is 22.35%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CSL shares. 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 decreased their price target 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. Robert W. Baird increased their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Company Profile

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.