Guinness Asset Management LTD Acquires 1,737 Shares of Carlisle Companies Incorporated $CSL

Guinness Asset Management LTD grew its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 7.8% during the 4th quarter, HoldingsChannel reports. The firm owned 23,887 shares of the conglomerate’s stock after purchasing an additional 1,737 shares during the quarter. Guinness Asset Management LTD’s holdings in Carlisle Companies were worth $7,808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund grew its position in Carlisle Companies by 0.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock worth $1,849,000 after acquiring an additional 33 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Carlisle Companies by 43.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after acquiring an additional 34 shares during the last quarter. Mackenzie Financial Corp grew its position in Carlisle Companies by 1.0% during the 3rd quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock worth $1,160,000 after acquiring an additional 34 shares during the last quarter. Nicolet Advisory Services LLC grew its position in Carlisle Companies by 3.5% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock worth $337,000 after acquiring an additional 35 shares during the last quarter. Finally, WCM Investment Management LLC grew its position in Carlisle Companies by 3.7% during the 3rd quarter. WCM Investment Management LLC now owns 1,133 shares of the conglomerate’s stock worth $378,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of research reports. Truist Financial boosted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Robert W. Baird boosted their price objective on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. JPMorgan Chase & Co. boosted their price objective on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Finally, Raymond James Financial initiated coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Trading Up 0.5%

NYSE CSL opened at $334.18 on Friday. The business’s 50-day moving average price is $344.71 and its two-hundred day moving average price is $347.12. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The firm has a market capitalization of $13.52 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.05 and a beta of 0.88. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the company posted $3.61 EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, analysts expect that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, May 18th. Carlisle Companies’s payout ratio is 25.87%.

Carlisle Companies Company 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.