Korea Investment CORP Increases Stock Position in Carlisle Companies Incorporated $CSL

Key Points

• Korea Investment CORP increased its stake in Carlisle Companies by 65.6%, owning 77,384 shares valued at $26.35 million according to its latest SEC filing.
• Wall Street analysts have mixed ratings for Carlisle Companies, with a current average rating of "Moderate Buy" and a target price of $450.83, while some firms have adjusted their price objectives lower.
• The company announced a quarterly dividend increase to $1.10 per share, reflecting a 1.1% yield based on a payout ratio of 24.58%.

Korea Investment CORP raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 65.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,384 shares of the conglomerate's stock after purchasing an additional 30,642 shares during the period. Korea Investment CORP owned 0.18% of Carlisle Companies worth $26,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Carlisle Companies by 38,164.5% during the first quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after buying an additional 505,680 shares during the last quarter. Cooke & Bieler LP purchased a new stake in shares of Carlisle Companies during the 1st quarter worth approximately $74,095,000. Pacer Advisors Inc. boosted its position in shares of Carlisle Companies by 1,611.7% during the 1st 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 during the last quarter. Nuveen LLC purchased a new position in shares of Carlisle Companies in the first quarter valued at $62,485,000. Finally, Point72 Asset Management L.P. bought a new stake in Carlisle Companies in the fourth quarter worth $55,104,000. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the subject of several research reports. Truist Financial lowered their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Robert W. Baird upped their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Finally, Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $450.83.

Carlisle Companies Stock Up 2.4%

Shares of CSL opened at $387.2160 on Wednesday. The firm has a fifty day moving average price of $386.43 and a 200-day moving average price of $368.93. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $16.55 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.19 and a beta of 1.05. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The company's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $6.24 EPS. Equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed 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 an increase from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is 24.58%.

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.

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