Employees Provident Fund Board Takes $16.79 Million Position in Carlisle Companies Incorporated $CSL

Employees Provident Fund Board purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, HoldingsChannel reports. The fund purchased 52,500 shares of the conglomerate’s stock, valued at approximately $16,793,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CSL. Caitong International Asset Management Co. Ltd increased its holdings in shares of Carlisle Companies by 231.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the conglomerate’s stock worth $179,000 after purchasing an additional 391 shares during the period. MidFirst Bank bought a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $148,000. River Road Asset Management LLC grew its position in Carlisle Companies by 28.9% during the fourth quarter. River Road Asset Management LLC now owns 330,729 shares of the conglomerate’s stock worth $105,787,000 after buying an additional 74,071 shares in the last quarter. Virtu Financial LLC acquired a new stake in Carlisle Companies during the fourth quarter worth approximately $1,767,000. Finally, MV Capital Management Inc. bought a new position in Carlisle Companies during the 4th quarter worth $149,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the subject of several analyst reports. Truist Financial lifted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. upped their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Finally, William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Stock Performance

NYSE:CSL opened at $362.05 on Friday. The stock’s 50-day simple moving average is $348.61 and its 200 day simple moving average is $351.46. The firm has a market capitalization of $14.65 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.14 and a beta of 0.86. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92.

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

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies’s payout ratio is 25.87%.

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.