Prudential PLC Purchases New Position in Carlisle Companies Incorporated $CSL

Prudential PLC acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,826 shares of the conglomerate’s stock, valued at approximately $584,000.

Other large investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new stake in Carlisle Companies during the 4th quarter worth approximately $27,000. Torren Management LLC purchased a new stake in Carlisle Companies during the 4th quarter worth approximately $33,000. Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies during the 2nd quarter worth approximately $36,000. SBI Securities Co. Ltd. increased its stake in Carlisle Companies by 43.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after buying an additional 34 shares in the last quarter. Finally, Rothschild Investment LLC increased its stake in Carlisle Companies by 3,866.7% during the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after buying an additional 116 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 2.3%

Shares of Carlisle Companies stock opened at $338.07 on Tuesday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The stock has a market cap of $13.68 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.09 and a beta of 0.86. The stock’s 50 day simple moving average is $345.63 and its 200-day simple moving average is $349.30. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the firm posted $3.61 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts predict that Carlisle Companies Incorporated will post 21.18 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Truist Financial boosted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Raymond James Financial started coverage on Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company. Robert W. Baird boosted their target price on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, William Blair restated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of “Hold” and a consensus price target of $405.00.

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.