Empowered Funds LLC Makes New $1.91 Million Investment in Carlisle Companies Incorporated $CSL

Key Points

• Empowered Funds LLC acquired 5,277 Carlisle Companies shares worth approximately $1.91 million in the second quarter. Institutional investors collectively own 89.52% of CSL.
• Analysts maintain a cautious outlook, with a consensus “Hold” rating and an average price target of $402.43; recent targets ranged from $340 to $412.
• Carlisle exceeded quarterly expectations, reporting $7.03 EPS and $1.57 billion in revenue, while revenue grew 8.3% year over year. The company also increased its quarterly dividend from $1.10 to $1.25 per share.

Empowered Funds LLC acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,277 shares of the conglomerate's stock, valued at approximately $1,914,000.

Several other hedge funds also recently modified their holdings of the stock. MML Investors Services LLC raised its holdings in Carlisle Companies by 1.1% during the fourth quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate's stock worth $799,000 after acquiring an additional 27 shares in the last quarter. Raiffeisen Bank International AG increased its position in shares of Carlisle Companies by 12.8% during the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate's stock worth $80,000 after purchasing an additional 28 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Carlisle Companies by 1.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate's stock worth $716,000 after purchasing an additional 29 shares during the last quarter. Boston Common Asset Management LLC raised its stake in shares of Carlisle Companies by 0.6% during the 1st quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate's stock worth $1,731,000 after purchasing an additional 30 shares in the last quarter. Finally, Next Level Private LLC raised its stake in shares of Carlisle Companies by 0.3% during the 1st quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate's stock worth $4,092,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CSL. Robert W. Baird set a $412.00 target price on shares of Carlisle Companies in a research note on Thursday, July 30th. Weiss Ratings raised shares of Carlisle Companies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. Truist Financial cut their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a "hold" rating for the company in a research note on Tuesday, July 7th. Finally, DA Davidson began coverage on shares of Carlisle Companies in a research report on Monday, August 24th. They issued a "neutral" rating and a $410.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $402.43.

Carlisle Companies Stock Performance

CSL opened at $344.75 on Friday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.07 and a beta of 0.84. The business has a 50 day moving average of $357.03 and a 200-day moving average of $355.35. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping analysts' consensus estimates of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm earned $6.27 EPS. The firm's revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts expect that Carlisle Companies Incorporated will post 21.27 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a $1.25 dividend. This is an increase from Carlisle Companies's previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, August 19th. Carlisle Companies's dividend payout ratio is presently 28.69%.

Carlisle Companies 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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