Wellington Management Group LLP Purchases 10,365 Shares of Carlisle Companies Incorporated $CSL

Wellington Management Group LLP raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 23.1% during the second quarter, Holdings Channel reports. The firm owned 55,300 shares of the conglomerate’s stock after purchasing an additional 10,365 shares during the period. Wellington Management Group LLP’s holdings in Carlisle Companies were worth $20,060,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after acquiring an additional 28,414 shares during the period. Baird Financial Group Inc. boosted its position in shares of Carlisle Companies by 8.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock valued at $952,000 after purchasing an additional 197 shares in the last quarter. Jump Financial LLC bought a new stake in Carlisle Companies in the second quarter worth approximately $1,345,000. Bank of Nova Scotia lifted its stake in Carlisle Companies by 118.6% in the second quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock valued at $615,000 after buying an additional 893 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Carlisle Companies by 40.0% during the 2nd quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock worth $43,088,000 after buying an additional 32,996 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Carlisle Companies Trading Up 0.2%

NYSE CSL opened at $352.98 on Monday. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The business has a 50 day moving average price of $356.31 and a 200-day moving average price of $354.95. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.10 and a beta of 0.84.

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

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.4%. Carlisle Companies’s dividend payout ratio is currently 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.