2,732 Shares in Carlisle Companies Incorporated $CSL Purchased by Foster & Motley Inc.

Foster & Motley Inc. acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 2,732 shares of the conglomerate’s stock, valued at approximately $991,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. First National Bank of Omaha bought a new position in Carlisle Companies during the second quarter valued at about $1,827,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of Carlisle Companies in the 2nd quarter valued at approximately $417,000. Meeder Advisory Services Inc. purchased a new position in shares of Carlisle Companies during the second quarter valued at $213,000. Citizens Financial Group Inc. RI purchased a new position in Carlisle Companies during the 2nd quarter valued at about $322,000. Finally, BlackRock Inc. acquired a new position in Carlisle Companies in the 2nd quarter valued at approximately $1,499,602,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of CSL stock opened at $366.05 on Thursday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.12 and a beta of 0.85. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average price of $357.77 and a 200 day moving average price of $358.16.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $6.27 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts expect that Carlisle Companies Incorporated will post 21.21 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently announced 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 19th. Carlisle Companies’s dividend payout ratio is 25.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CSL. Robert W. Baird set a $412.00 price target on Carlisle Companies in a research note on Thursday, July 30th. Raymond James Financial started coverage on shares of Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Truist Financial cut their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Finally, Oppenheimer upped their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $401.17.

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.