2,793 Shares in Carlisle Companies Incorporated $CSL Acquired by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, Holdings Channel reports. The firm acquired 2,793 shares of the conglomerate’s stock, valued at approximately $1,013,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Carlisle Companies during the second quarter worth about $1,499,602,000. State Street Corp grew its stake in shares of Carlisle Companies by 6.9% in the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock valued at $668,616,000 after buying an additional 134,241 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Carlisle Companies by 26.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock valued at $397,561,000 after buying an additional 251,614 shares during the period. Invesco Ltd. lifted its position in Carlisle Companies by 2.6% during the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after acquiring an additional 27,049 shares in the last quarter. Finally, Sands Capital Management LLC boosted its holdings in Carlisle Companies by 13.9% in the 4th quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock worth $309,509,000 after acquiring an additional 118,139 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CSL. Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a research note on Thursday, July 30th. DA Davidson began coverage on shares of Carlisle Companies in a report on Monday, August 24th. They set a “neutral” rating and a $410.00 price target for the company. Truist Financial dropped their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $402.43.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $352.98 on Friday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The stock has a market cap of $14.02 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 1.08 and a beta of 0.84. The stock has a 50 day moving average of $356.31 and a 200-day moving average of $355.33.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. The business had revenue of $1.57 billion during 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 revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.27 earnings per share. On average, analysts expect that Carlisle Companies Incorporated will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were paid a $1.25 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, August 19th. 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 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.