Carlisle Companies Incorporated $CSL Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 31.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 213,065 shares of the conglomerate’s stock after purchasing an additional 50,988 shares during the period. Handelsbanken Fonder AB’s holdings in Carlisle Companies were worth $77,289,000 as of its most recent SEC filing.

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

Carlisle Companies Stock Down 0.7%

CSL opened at $384.79 on Tuesday. The business’s 50-day simple moving average is $353.53 and its 200-day simple moving average is $357.06. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The stock has a market capitalization of $15.28 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.27 EPS. Analysts anticipate that Carlisle Companies Incorporated will post 21.21 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be paid a $1.25 dividend. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, August 19th. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.24%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CSL. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Raymond James Financial assumed coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Truist Financial reduced their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Oppenheimer lifted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Robert W. Baird set a $412.00 price objective on Carlisle Companies in a research report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $401.17.

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.