Norges Bank Invests $87.54 Million in Carlisle Companies Incorporated $CSL

Norges Bank purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 273,693 shares of the conglomerate’s stock, valued at approximately $87,543,000. Norges Bank owned about 0.65% of Carlisle Companies at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSL. BOK Financial Private Wealth Inc. bought a new stake in shares of Carlisle Companies during the fourth quarter worth about $27,000. Torren Management LLC bought a new stake in Carlisle Companies in the fourth quarter valued at approximately $33,000. Osterweis Capital Management Inc. bought a new stake in Carlisle Companies in the second quarter valued at approximately $36,000. SBI Securities Co. Ltd. boosted its holdings in Carlisle Companies by 43.0% in the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after acquiring an additional 34 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in Carlisle Companies by 3,866.7% in the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 116 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CSL. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Robert W. Baird upped their target price on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Oppenheimer upped their target price on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $346.01 on Friday. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.08 and a beta of 0.86. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The stock’s 50 day moving average price is $345.53 and its two-hundred day moving average price is $348.71. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.61 EPS. On average, equities analysts predict that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio is presently 25.87%.

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.