Jupiter Topco LLC Purchases Shares of 249,295 Carlisle Companies Incorporated $CSL

Jupiter Topco LLC bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 249,295 shares of the conglomerate’s stock, valued at approximately $90,431,000. Jupiter Topco LLC owned about 0.63% of Carlisle Companies as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. Goldman Sachs Group Inc. increased its holdings in shares of 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 purchasing an additional 28,414 shares during the period. Baird Financial Group Inc. raised its holdings in Carlisle Companies by 8.4% during the second quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock valued at $952,000 after buying an additional 197 shares in the last quarter. Jump Financial LLC bought a new position in Carlisle Companies during the second quarter valued at about $1,345,000. Bank of Nova Scotia lifted its position in shares of Carlisle Companies by 118.6% in the second quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock worth $615,000 after buying an additional 893 shares during the last quarter. Finally, Sei Investments Co. lifted 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 buying an additional 32,996 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CSL shares. DA Davidson assumed coverage on Carlisle Companies in a report on Monday. They set a “neutral” rating and a $410.00 price objective on the stock. Truist Financial dropped their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Robert W. Baird set a $412.00 target price on shares of Carlisle Companies in a research report on Thursday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Hold” and an average price target of $402.43.

Carlisle Companies Price Performance

NYSE:CSL opened at $366.08 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The company has a fifty day moving average price of $359.35 and a 200 day moving average price of $358.01. The stock has a market cap of $14.54 billion, a P/E ratio of 21.00, a PEG ratio of 1.14 and a beta of 0.85.

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

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be issued a $1.25 dividend. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $5.00 annualized dividend and a yield of 1.4%. Carlisle Companies’s payout ratio is currently 28.69%.

About Carlisle Companies

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.