Daiichi Life Insurance Co. Ltd. Makes New Investment in Carlisle Companies Incorporated $CSL

Daiichi Life Insurance Co. Ltd. purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 3,063 shares of the conglomerate’s stock, valued at approximately $1,111,000.

Several other institutional investors and hedge funds have also modified their holdings of CSL. Goldman Sachs Group Inc. raised its holdings in Carlisle Companies by 36.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after purchasing an additional 28,414 shares during the period. Baird Financial Group Inc. increased its position in Carlisle Companies by 8.4% in the second quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after buying an additional 197 shares in the last quarter. Jump Financial LLC purchased a new stake in Carlisle Companies in the second quarter worth about $1,345,000. Bank of Nova Scotia raised its stake in shares of Carlisle Companies by 118.6% in the second quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock worth $615,000 after buying an additional 893 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Carlisle Companies by 40.0% in the second quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock worth $43,088,000 after buying an additional 32,996 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $362.34 on Tuesday. The stock’s 50-day simple moving average is $358.74 and its 200-day simple moving average is $358.50. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.15 and a beta of 0.85. 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 released its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.35 by $0.68. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $6.27 earnings per share. As a group, analysts expect that Carlisle Companies Incorporated will post 21.29 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be issued a $1.25 dividend. 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. The ex-dividend date of this dividend is Wednesday, August 19th. Carlisle Companies’s payout ratio is presently 28.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CSL shares. Raymond James Financial began coverage on Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. DA Davidson set a $410.00 price target on shares of Carlisle Companies in a report on Monday. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research report on Thursday, July 30th. Finally, Truist Financial reduced their price objective 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. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average target price of $402.43.

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.