Cibc World Market Inc. Takes Position in Carlisle Companies Incorporated $CSL

Cibc World Market Inc. acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,631 shares of the conglomerate’s stock, valued at approximately $2,405,000.

Several other hedge funds have also added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. bought a new position in Carlisle Companies during the fourth quarter worth about $27,000. Signature Equity Partners LLC increased its holdings in shares of Carlisle Companies by 3,133.3% in the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 94 shares in the last quarter. Torren Management LLC bought a new stake in shares of Carlisle Companies in the fourth quarter worth about $33,000. Allied Private Wealth LLC acquired a new stake in shares of Carlisle Companies during the second quarter worth about $33,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Carlisle Companies during the second quarter worth about $36,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Up 0.8%

NYSE:CSL opened at $366.08 on Thursday. The stock has a 50-day simple moving average of $359.35 and a 200 day simple moving average of $358.01. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $432.91. The company has a market cap of $14.54 billion, a PE ratio of 21.00, a PEG ratio of 1.14 and a beta of 0.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $6.27 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 21.29 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be given a $1.25 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Carlisle Companies’s payout ratio is presently 28.69%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSL. DA Davidson started coverage on Carlisle Companies in a research report on Monday. They issued a “neutral” rating and a $410.00 price objective for the company. Truist Financial dropped their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Carlisle Companies presently has an average rating of “Hold” and a consensus price target 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.