Daiichi Life Insurance Co. Ltd. bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,063 shares of the conglomerate's stock, valued at approximately $1,111,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CSL. BOK Financial Private Wealth Inc. bought a new stake in shares of Carlisle Companies during the fourth quarter valued at approximately $27,000. Signature Equity Partners LLC lifted its position 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 acquiring an additional 94 shares in the last quarter. Torren Management LLC bought a new position in Carlisle Companies in the 4th quarter valued at approximately $33,000. Allied Private Wealth LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at $33,000. Finally, Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies during the 2nd quarter valued at $36,000. Institutional investors own 89.52% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on CSL shares. DA Davidson set a $410.00 price target on Carlisle Companies in a research note on Monday. 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 report on Tuesday, July 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Raymond James Financial started coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an "outperform" rating and a $425.00 target price for the company. Finally, Robert W. Baird set a $412.00 target price on shares of Carlisle Companies in a research note on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $402.43.
View Our Latest Analysis on Carlisle Companies
Carlisle Companies Trading Down 1.5%
NYSE:CSL opened at $362.34 on Tuesday. The company has a market cap of $14.39 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.15 and a beta of 0.85. 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 50 day simple moving average of $358.74 and a two-hundred day simple moving average of $358.50. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91.
Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating 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 firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the prior year, the firm earned $6.27 EPS. The company's revenue was up 8.3% compared to the same quarter last year. Research analysts forecast that Carlisle Companies Incorporated will post 21.29 earnings per share for the current year.
Carlisle Companies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be issued a $1.25 dividend. 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%. The ex-dividend date of this dividend is Wednesday, August 19th. Carlisle Companies's dividend payout ratio is currently 28.69%.
Carlisle Companies Company Profile
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Free Report)
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.
Further Reading
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