Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Carlisle Companies Incorporated $CSL

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 11.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,645 shares of the conglomerate’s stock after buying an additional 4,568 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Carlisle Companies were worth $14,336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSL. Bridges Investment Management Inc. boosted its holdings in shares of Carlisle Companies by 221.3% during the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after purchasing an additional 102,014 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Carlisle Companies by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after purchasing an additional 8,701 shares during the last quarter. Citigroup Inc. lifted its position in Carlisle Companies by 51.8% during the third quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after buying an additional 9,673 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in Carlisle Companies during the third quarter worth $540,000. Finally, M&G PLC acquired a new position in Carlisle Companies during the third quarter worth $11,913,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

NYSE CSL opened at $360.24 on Monday. The stock has a fifty day simple moving average of $352.64 and a 200-day simple moving average of $346.64. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The stock has a market cap of $14.58 billion, a PE ratio of 21.18, a P/E/G ratio of 1.14 and a beta of 0.88. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.61 earnings per share. Equities analysts anticipate that Carlisle Companies Incorporated will post 21.13 earnings per share for the current year.

Carlisle Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird raised their target price on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Truist Financial raised their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Oppenheimer lifted their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $405.00.

Insider Activity at Carlisle Companies

In related news, insider Stephen Schwar sold 6,049 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the transaction, the insider owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. This trade represents a 41.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of Carlisle Companies stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the sale, the chief financial officer owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This trade represents a 44.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 68,289 shares of company stock valued at $28,125,467. 1.30% of the stock is owned by insiders.

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.