Mitsubishi UFJ Trust & Banking Corp Grows Stake in Carlisle Companies Incorporated $CSL

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 36.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,426 shares of the conglomerate’s stock after purchasing an additional 19,707 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of Carlisle Companies worth $27,791,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Cooke & Bieler LP bought a new position in Carlisle Companies during the first quarter valued at $74,095,000. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Carlisle Companies by 755.3% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock worth $91,000 after acquiring an additional 214,226 shares during the period. Pacer Advisors Inc. grew its stake in shares of Carlisle Companies by 1,611.7% during the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock worth $73,202,000 after acquiring an additional 202,425 shares during the period. Nuveen LLC purchased a new stake in Carlisle Companies in the 1st quarter worth about $62,485,000. Finally, Bessemer Group Inc. raised its stake in Carlisle Companies by 26.7% in the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock valued at $238,791,000 after acquiring an additional 134,718 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $315.30 on Friday. The company has a 50 day moving average of $335.98 and a 200 day moving average of $369.32. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market cap of $13.18 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.12 and a beta of 1.00. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $472.66.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company posted $5.78 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 1.4%. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.96%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CSL shares. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their target price for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Oppenheimer dropped their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. The Goldman Sachs Group reduced their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. JPMorgan Chase & Co. lowered their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Hold” and a consensus price target of $386.67.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.