Bank of Nova Scotia Purchases New Stake in Carlisle Companies Incorporated $CSL

Bank of Nova Scotia acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,194 shares of the conglomerate’s stock, valued at approximately $2,610,000.

Several other large investors also recently made changes to their positions in the business. BOK Financial Private Wealth Inc. acquired a new position in shares of Carlisle Companies during the fourth quarter worth about $27,000. Osterweis Capital Management Inc. acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $36,000. Signature Equity Partners LLC raised its holdings in shares of Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after buying an additional 94 shares during the period. Allied Private Wealth LLC acquired a new position in Carlisle Companies during the 2nd quarter worth approximately $33,000. Finally, Torren Management LLC acquired a new position in Carlisle Companies during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of recent analyst reports. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. DA Davidson initiated coverage on Carlisle Companies in a research note on Monday. They issued a “neutral” rating and a $410.00 price target on the stock. Finally, Truist Financial reduced their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $402.43.

Carlisle Companies Stock Up 0.8%

CSL stock opened at $366.08 on Thursday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.14 and a beta of 0.85. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The firm has a fifty day moving average price of $359.35 and a two-hundred day moving average price of $358.01. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm earned $6.27 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts predict that Carlisle Companies Incorporated will post 21.29 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is presently 28.69%.

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.