Invst LLC Acquires New Stake in Carlisle Companies Incorporated $CSL

Invst LLC bought a new position in Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, HoldingsChannel.com reports. The firm bought 2,500 shares of the conglomerate’s stock, valued at approximately $907,000.

A number of other large investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at about $27,000. Signature Equity Partners LLC grew its holdings in shares of Carlisle Companies by 3,133.3% during the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after buying an additional 94 shares in the last quarter. Torren Management LLC acquired a new stake in Carlisle Companies in the 4th quarter valued at approximately $33,000. Allied Private Wealth LLC bought a new stake in Carlisle Companies in the 2nd quarter valued at approximately $33,000. Finally, Jones Financial Companies Lllp acquired a new position in Carlisle Companies during the 2nd quarter worth approximately $33,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 0.1%

CSL stock opened at $362.95 on Wednesday. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 1.14 and a beta of 0.85. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91. The business has a 50 day moving average price of $358.87 and a two-hundred day moving average price of $358.26. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data 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. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the business posted $6.27 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. 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 paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is presently 28.69%.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Truist Financial decreased their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research note on Thursday, July 30th. Finally, DA Davidson began coverage on shares of Carlisle Companies in a research report on Monday. They set a “neutral” rating and a $410.00 price target on the stock. Five equities 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 company has an average rating of “Hold” and an average price target of $402.43.

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.