Citizens Financial Group Inc. RI Purchases New Shares in Carlisle Companies Incorporated $CSL

Citizens Financial Group Inc. RI acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 683 shares of the conglomerate’s stock, valued at approximately $255,000.

Several other hedge funds have also modified their holdings of CSL. GFG Capital LLC purchased a new position in shares of Carlisle Companies in the 2nd quarter valued at about $25,000. Hemington Wealth Management grew its holdings in Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 26 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Carlisle Companies by 527.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after buying an additional 58 shares in the last quarter. Dagco Inc. purchased a new stake in shares of Carlisle Companies in the first quarter valued at approximately $27,000. Finally, Costello Asset Management INC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $34,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

NYSE:CSL opened at $304.03 on Thursday. The company has a market cap of $12.70 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.12 and a beta of 1.00. Carlisle Companies Incorporated has a twelve month low of $295.09 and a twelve month high of $472.66. The company’s 50-day moving average price is $329.27 and its 200-day moving average price is $367.08. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company earned $5.78 EPS. Carlisle Companies’s revenue was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CSL shares. Robert W. Baird dropped their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. JPMorgan Chase & Co. dropped their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Vertical Research began coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, Truist Financial lowered their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and an average target price of $386.67.

Carlisle Companies Company Profile

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.