OMERS ADMINISTRATION Corp Makes New Investment in Carlisle Companies Incorporated $CSL

OMERS ADMINISTRATION Corp bought a new position in Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,399 shares of the conglomerate’s stock, valued at approximately $3,772,000.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Carlisle Companies during the second quarter valued at $1,499,602,000. Bank of New York Mellon Corp purchased a new position in Carlisle Companies in the 2nd quarter worth about $405,245,000. First Manhattan CO. LLC. purchased a new position in Carlisle Companies in the 4th quarter worth about $140,256,000. Madison Asset Management LLC bought a new position in Carlisle Companies during the 2nd quarter valued at about $152,865,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Carlisle Companies by 10,568.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock valued at $124,489,000 after acquiring an additional 385,550 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

NYSE CSL opened at $362.95 on Wednesday. The company has a 50-day moving average price of $358.87 and a 200-day moving average price of $358.26. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week 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 firm has a market capitalization of $14.41 billion, a P/E ratio of 20.82, a PEG ratio of 1.14 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $6.27 earnings per share. Equities research analysts anticipate that Carlisle Companies Incorporated will post 21.29 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, August 19th. 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. Carlisle Companies’s dividend payout ratio is 28.69%.

Analyst Ratings Changes

CSL has been the subject of a number of research analyst reports. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research note on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Truist Financial cut their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Finally, DA Davidson assumed coverage on Carlisle Companies in a report on Monday. They set a “neutral” rating and a $410.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $402.43.

About Carlisle Companies

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.