Van ECK Associates Corp Has $2.61 Million Stock Holdings in Carlisle Companies Incorporated $CSL

Van ECK Associates Corp decreased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 23.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,198 shares of the conglomerate’s stock after selling 2,249 shares during the quarter. Van ECK Associates Corp’s holdings in Carlisle Companies were worth $2,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. purchased a new stake in Carlisle Companies during the fourth quarter valued at about $27,000. Jones Financial Companies Lllp acquired a new stake in shares of Carlisle Companies during the second quarter valued at approximately $33,000. Osterweis Capital Management Inc. purchased a new stake in shares of Carlisle Companies in the 2nd quarter valued at approximately $35,000. Signature Equity Partners LLC boosted its stake in Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 94 shares during the period. Finally, Allied Private Wealth LLC acquired a new position in Carlisle Companies in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports 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 report on Tuesday, July 7th. Weiss Ratings raised Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Finally, DA Davidson initiated coverage on Carlisle Companies in a research note on Monday, August 24th. They issued a “neutral” rating and a $410.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Hold” and an average target price of $402.43.

Carlisle Companies Stock Up 0.8%

CSL stock opened at $344.75 on Friday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-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 company has a market cap of $13.69 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.07 and a beta of 0.84. The company has a 50 day moving average of $357.03 and a two-hundred day moving average of $355.35.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company posted $6.27 EPS. Carlisle Companies’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

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

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.