First National Bank of Omaha Takes $1.83 Million Position in Carlisle Companies Incorporated $CSL

Key Points

• First National Bank of Omaha acquired 5,037 shares of Carlisle Companies worth approximately $1.83 million. Institutional investors collectively own 89.52% of the company.
• Carlisle reported quarterly EPS of $7.03, beating estimates by $0.68, while revenue rose 8.3% year over year to $1.57 billion. The stock recently traded at $366.05, up 2.7%.
• The company increased its quarterly dividend from $1.10 to $1.25 per share, equivalent to a $5.00 annual dividend and a 1.4% yield. Analysts hold a consensus “Moderate Buy” rating with an average price target of $401.17.

First National Bank of Omaha acquired a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,037 shares of the conglomerate's stock, valued at approximately $1,827,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Carlisle Companies during the second quarter valued at approximately $1,499,602,000. State Street Corp grew its stake in shares of Carlisle Companies by 6.9% during the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate's stock worth $668,616,000 after purchasing an additional 134,241 shares during the period. Bank of New York Mellon Corp grew its position in shares of Carlisle Companies by 26.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate's stock worth $397,561,000 after buying an additional 251,614 shares during the period. Invesco Ltd. grew its holdings in Carlisle Companies by 2.6% during the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate's stock valued at $346,777,000 after purchasing an additional 27,049 shares during the period. Finally, Sands Capital Management LLC increased its position in shares of Carlisle Companies by 13.9% in the 4th quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate's stock valued at $309,509,000 after buying an additional 118,139 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Trading Up 2.7%

CSL opened at $366.05 on Thursday. The company has a 50-day simple moving average of $357.77 and a 200 day simple moving average of $358.16. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 1.12 and a beta of 0.85.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) 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 company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company posted $6.27 EPS. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts predict that Carlisle Companies Incorporated will post 21.21 EPS for the current fiscal 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 given a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 19th. This represents a $5.00 annualized dividend and a yield of 1.4%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.10. Carlisle Companies's dividend payout ratio is 25.24%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CSL shares. Truist Financial lowered their target price on Carlisle Companies from $360.00 to $340.00 and set a "hold" rating for the company in a research note on Tuesday, July 7th. Oppenheimer raised their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Weiss Ratings restated a "hold (c)" rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Robert W. Baird set a $412.00 price target on Carlisle Companies in a report on Thursday, July 30th. Finally, Raymond James Financial began coverage on Carlisle Companies in a report on Monday, April 27th. They set an "outperform" rating and a $425.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $401.17.

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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