Mraz Amerine & Associates Inc. Takes $1.61 Million Position in Carlisle Companies Incorporated $CSL

Key Points

• Mraz Amerine & Associates Inc. acquired a new position in Carlisle Companies Incorporated, purchasing 4,315 shares valued at approximately $1.61 million during the 2nd quarter.
• Wall Street analysts have varied opinions on Carlisle Companies, with price targets ranging from $350.00 to $480.00 and an overall average rating of "Hold".
• The company recently increased its quarterly dividend to $1.10 per share, representing a 1.3% yield, up from a previous dividend of $1.00.

Mraz Amerine & Associates Inc. purchased a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,315 shares of the conglomerate's stock, valued at approximately $1,611,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CSL shares. Truist Financial cut their price target on Carlisle Companies from $380.00 to $350.00 and set a "hold" rating on the stock in a report on Monday, September 22nd. JPMorgan Chase & Co. decreased their price target on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Zacks Research lowered Carlisle Companies from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $429.17.

Carlisle Companies Stock Performance

Shares of CSL opened at $328.30 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The firm's 50 day moving average is $366.46 and its 200-day moving average is $373.22. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The stock has a market capitalization of $14.03 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.06 and a beta of 1.00.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its 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 business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $6.24 earnings per share. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal 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 paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio is 24.58%.

About Carlisle Companies

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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