HM Payson & Co. Increases Position in Carlisle Companies Incorporated $CSL

HM Payson & Co. raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 117,710.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,810 shares of the conglomerate’s stock after buying an additional 117,710 shares during the period. HM Payson & Co. owned about 0.28% of Carlisle Companies worth $38,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CSL. Sands Capital Management LLC purchased a new position in Carlisle Companies during the 2nd quarter valued at about $159,203,000. JPMorgan Chase & Co. lifted its position in shares of Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after purchasing an additional 358,241 shares in the last quarter. Norges Bank purchased a new position in shares of Carlisle Companies in the second quarter valued at approximately $128,856,000. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Carlisle Companies by 755.3% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock valued at $91,000 after purchasing an additional 214,226 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Carlisle Companies by 464.2% during the 2nd quarter. Lazard Asset Management LLC now owns 180,889 shares of the conglomerate’s stock worth $67,543,000 after buying an additional 148,829 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $330.57 on Monday. The stock’s 50-day simple moving average is $323.30 and its 200-day simple moving average is $354.51. The firm has a market capitalization of $13.81 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.15 and a beta of 0.96. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating the consensus estimate of $5.47 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $5.78 earnings per share. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s payout ratio is 24.96%.

Wall Street Analyst Weigh In

Several brokerages have commented on CSL. Robert W. Baird decreased their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Vertical Research initiated coverage on Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Oppenheimer cut their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Truist Financial decreased their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $386.67.

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.