Nykredit A S Invests $2.33 Million in Carlisle Companies Incorporated $CSL

Key Points

• Nykredit A/S acquired 6,423 Carlisle Companies shares worth approximately $2.33 million in the second quarter. Institutional investors and hedge funds collectively own 89.52% of CSL.
• Carlisle reported quarterly EPS of $7.03, exceeding estimates of $6.35, while revenue rose 8.3% year over year to $1.57 billion.
• The company increased its quarterly dividend to $1.25, or $5.00 annually, producing a 1.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $402.43.

Nykredit A S acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,423 shares of the conglomerate's stock, valued at approximately $2,330,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $1,499,602,000. Bank of New York Mellon Corp bought a new stake in shares of Carlisle Companies during the second quarter valued at approximately $405,245,000. Sands Capital Management LLC raised its stake in shares of Carlisle Companies by 13.9% in the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate's stock valued at $309,509,000 after purchasing an additional 118,139 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Carlisle Companies by 3.0% in the first quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate's stock valued at $207,078,000 after purchasing an additional 17,847 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Carlisle Companies by 22.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate's stock worth $190,508,000 after purchasing an additional 97,326 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $328.87 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The business's fifty day moving average price is $350.89 and its two-hundred day moving average price is $348.99. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $432.91. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the business earned $6.27 earnings per share. The business's revenue was up 8.3% on a year-over-year basis. As a group, analysts predict that Carlisle Companies Incorporated will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CSL shares. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research note on Thursday, July 30th. Truist Financial dropped their price objective 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. DA Davidson began coverage on shares of Carlisle Companies in a report on Monday, August 24th. They set a "neutral" rating and a $410.00 price objective for the company. Finally, Weiss Ratings lowered shares of Carlisle Companies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, September 10th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $402.43.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and construction materials. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company provides products designed to improve the performance, energy efficiency and durability of commercial and residential buildings.

Its product portfolio includes commercial roofing systems, insulation, waterproofing and air-barrier solutions, architectural metal products, and related building-envelope components.

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