1,613 Shares in Carlisle Companies Incorporated $CSL Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,613 shares of the conglomerate’s stock, valued at approximately $585,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSL. Goldman Sachs Group Inc. grew its stake in shares of Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after acquiring an additional 28,414 shares during the period. Baird Financial Group Inc. raised its stake in Carlisle Companies by 8.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after acquiring an additional 197 shares during the period. Jump Financial LLC purchased a new position in Carlisle Companies during the second quarter valued at approximately $1,345,000. Bank of Nova Scotia lifted its holdings in Carlisle Companies by 118.6% during the second quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock valued at $615,000 after purchasing an additional 893 shares in the last quarter. Finally, Sei Investments Co. boosted its position 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 worth $43,088,000 after purchasing an additional 32,996 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

CSL stock opened at $362.34 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The company’s fifty day moving average price is $358.74 and its 200-day moving average price is $358.50. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The company has a market capitalization of $14.39 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.15 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating the consensus estimate of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. Carlisle Companies’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $6.27 earnings per share. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 21.29 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio (DPR) is 28.69%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSL shares. Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a research report on Thursday, July 30th. DA Davidson set a $410.00 target price on shares of Carlisle Companies in a report on Monday. Truist Financial cut their price target 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. Raymond James Financial started 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and an average price target of $402.43.

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.