United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires Shares of 26,832 Carlisle Companies Incorporated $CSL

Key Points

• United Super Pty Ltd disclosed a new fourth-quarter stake in Carlisle Companies, buying 26,832 shares valued at about $8.58 million. The position represented roughly 0.06% of the company.
• Institutional ownership in Carlisle remains heavy at 89.52%, with several large investors recently boosting their holdings. Notable increases included Bank of New York Mellon, Barclays, Sands Capital Management, and Northwestern Mutual Wealth Management.
• Carlisle reported Q1 earnings of $3.63 per share, beating estimates, and announced a quarterly dividend of $1.10 per share payable June 1. Analysts currently average a Hold rating with a $405 price target, while the stock was trading around $342.70.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 26,832 shares of the conglomerate's stock, valued at approximately $8,582,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.06% of Carlisle Companies as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Carlisle Companies by 113.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate's stock worth $345,092,000 after acquiring an additional 558,710 shares during the period. Barclays PLC lifted its holdings in shares of Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate's stock worth $164,263,000 after acquiring an additional 451,662 shares during the period. Sands Capital Management LLC lifted its holdings in shares of Carlisle Companies by 99.2% during the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate's stock worth $279,452,000 after acquiring an additional 423,141 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Carlisle Companies by 10,568.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate's stock worth $124,489,000 after acquiring an additional 385,550 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Carlisle Companies during the 4th quarter worth approximately $76,626,000. Institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CSL shares. William Blair reaffirmed a "market perform" rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Oppenheimer upped their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an "outperform" rating in a research report on Friday, April 24th. Truist Financial increased their target price on Carlisle Companies from $340.00 to $360.00 and gave the company a "hold" rating in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their target price on Carlisle Companies from $400.00 to $420.00 and gave the company an "overweight" rating in a research report on Monday, March 9th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research report on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $405.00.

Carlisle Companies Trading Down 0.6%

CSL opened at $342.70 on Friday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The company has a fifty day moving average of $344.69 and a 200-day moving average of $347.79. The stock has a market cap of $13.87 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.09 and a beta of 0.88.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the prior year, the company posted $3.61 earnings per share. Carlisle Companies's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies's dividend payout ratio (DPR) is currently 25.87%.

Carlisle Companies Profile

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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