MassMutual Private Wealth & Trust FSB Purchases 13,707 Shares of Carlisle Companies Incorporated $CSL

Key Points

• MassMutual Private Wealth & Trust FSB increased its stake in Carlisle Companies by 62.1%, acquiring an additional 13,707 shares during the second quarter, bringing its total ownership to 35,795 shares valued at approximately $13.37 million.
• Carlisle Companies' stock has recently experienced a decline of 2.8%, with a current market price of $355.51 and an average target price of $450.83 set by analysts, who have given it a consensus rating of "Moderate Buy".
• In addition to its stock performance, Carlisle Companies recently increased its quarterly dividend from $1.00 to $1.10 per share, representing a 1.2% dividend yield and a payout ratio of 24.58%.

MassMutual Private Wealth & Trust FSB boosted its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 62.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,795 shares of the conglomerate's stock after acquiring an additional 13,707 shares during the period. MassMutual Private Wealth & Trust FSB owned 0.08% of Carlisle Companies worth $13,366,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dagco Inc. bought a new stake in shares of Carlisle Companies during the 1st quarter valued at about $27,000. MAI Capital Management boosted its stake in shares of Carlisle Companies by 37.8% during the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. CX Institutional bought a new stake in shares of Carlisle Companies during the 1st quarter valued at about $49,000. Wayfinding Financial LLC bought a new stake in shares of Carlisle Companies during the 1st quarter valued at about $55,000. Finally, Allworth Financial LP boosted its stake in shares of Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

CSL has been the topic of a number of research reports. 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 target price on the stock. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and cut their target price 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $450.83.

Carlisle Companies Stock Down 2.8%

CSL opened at $355.51 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average price of $390.88 and a 200-day moving average price of $373.56. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The stock has a market capitalization of $15.20 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.17 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the firm earned $6.24 earnings per share. The firm's revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 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 2nd. Stockholders of record on Tuesday, August 19th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies's dividend payout ratio is presently 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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