UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 97,326 Shares of Carlisle Companies Incorporated $CSL

Key Points

• UBS Asset Management increased its Carlisle Companies stake by 22.7%, purchasing 97,326 shares in the second quarter and bringing its holdings to 525,177 shares worth approximately $190.5 million. Institutional investors collectively own 89.52% of CSL.
• Carlisle reported stronger-than-expected quarterly results, with EPS of $7.03 versus the $6.35 consensus and revenue of $1.57 billion, up 8.3% year over year.
• The company raised its quarterly dividend to $1.25 per share, or $5.00 annually, producing a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $402.43.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 22.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 525,177 shares of the conglomerate's stock after buying an additional 97,326 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.32% of Carlisle Companies worth $190,508,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. MML Investors Services LLC increased its position in Carlisle Companies by 1.1% during the fourth quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate's stock worth $799,000 after acquiring an additional 27 shares during the period. Raiffeisen Bank International AG grew its position in Carlisle Companies by 12.8% in the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate's stock worth $80,000 after purchasing an additional 28 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Carlisle Companies by 1.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate's stock worth $716,000 after purchasing an additional 29 shares during the period. Boston Common Asset Management LLC increased its holdings in shares of Carlisle Companies by 0.6% during the 1st quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate's stock worth $1,731,000 after purchasing an additional 30 shares during the period. Finally, Next Level Private LLC raised its position in shares of Carlisle Companies by 0.3% during the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate's stock valued at $4,092,000 after buying an additional 33 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Performance

NYSE CSL opened at $347.94 on Tuesday. 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 cap of $13.82 billion, a P/E ratio of 19.96, a PEG ratio of 1.12 and a beta of 0.85. The company's 50-day simple moving average is $358.95 and its 200 day simple moving average is $356.90.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping analysts' consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the company earned $6.27 earnings per share. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, research analysts forecast that Carlisle Companies Incorporated will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 19th. Carlisle Companies's dividend payout ratio (DPR) is currently 28.69%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CSL shares. Robert W. Baird set a $412.00 target price on shares of Carlisle Companies in a research note on Thursday, July 30th. Truist Financial lowered their price target on Carlisle Companies from $360.00 to $340.00 and set a "hold" rating on the stock in a research note on Tuesday, July 7th. DA Davidson started coverage on Carlisle Companies in a report on Monday, August 24th. They issued a "neutral" rating and a $410.00 price target for the company. Finally, Weiss Ratings upgraded Carlisle Companies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Carlisle Companies has an average rating of "Hold" and a consensus price target of $402.43.

About Carlisle Companies

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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