North Dakota State Investment Board Makes New $483,000 Investment in Carlisle Companies Incorporated $CSL

North Dakota State Investment Board bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,510 shares of the conglomerate’s stock, valued at approximately $483,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Kinsale Capital Group Inc. grew its holdings in Carlisle Companies by 7.1% during the 4th quarter. Kinsale Capital Group Inc. now owns 16,091 shares of the conglomerate’s stock worth $5,147,000 after acquiring an additional 1,061 shares during the last quarter. Novare Capital Management LLC boosted its stake in shares of Carlisle Companies by 16.0% in the 4th quarter. Novare Capital Management LLC now owns 29,330 shares of the conglomerate’s stock valued at $9,381,000 after purchasing an additional 4,040 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Carlisle Companies by 10,568.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock valued at $124,489,000 after purchasing an additional 385,550 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Carlisle Companies in the 4th quarter valued at $497,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of Carlisle Companies by 20.4% in the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock valued at $206,681,000 after purchasing an additional 109,410 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSL. JPMorgan Chase & Co. upped their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Raymond James Financial began coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Finally, Oppenheimer upped their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Trading Up 0.5%

NYSE:CSL opened at $334.18 on Friday. The firm has a market cap of $13.52 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.05 and a beta of 0.88. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The firm’s fifty day moving average is $344.71 and its 200-day moving average is $347.12. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.32. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. Carlisle Companies’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 earnings per share. Equities analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is currently 25.87%.

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.