Corient Private Wealth LP Buys Shares of 11,586 Carlisle Companies Incorporated $CSL

Corient Private Wealth LP purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 11,586 shares of the conglomerate’s stock, valued at approximately $4,203,000.

A number of other institutional investors have also recently made changes to their positions in the business. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Carlisle Companies in the 4th quarter valued at approximately $8,582,000. SEB Asset Management AB purchased a new position in Carlisle Companies in the first quarter valued at $6,783,000. Lazard Asset Management LLC grew its stake in Carlisle Companies by 5.5% during the 1st quarter. Lazard Asset Management LLC now owns 190,650 shares of the conglomerate’s stock worth $63,605,000 after purchasing an additional 10,009 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in Carlisle Companies by 49.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 86,311 shares of the conglomerate’s stock worth $27,607,000 after purchasing an additional 28,493 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Carlisle Companies during the 1st quarter worth about $2,183,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $347.94 on Tuesday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91. The firm has a market capitalization of $13.82 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.12 and a beta of 0.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The company’s fifty day moving average price is $358.95 and its 200 day moving average price is $356.90.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (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 company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $6.27 earnings per share. Carlisle Companies’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 19th. Carlisle Companies’s dividend 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.