Dixon Mitchell Investment Counsel Inc. Acquires 3,685 Shares of Carlisle Companies Incorporated $CSL

Dixon Mitchell Investment Counsel Inc. boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,714 shares of the conglomerate’s stock after buying an additional 3,685 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in Carlisle Companies were worth $28,717,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CSL. State Street Corp increased its position in Carlisle Companies by 6.9% during the 4th quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock valued at $668,616,000 after purchasing an additional 134,241 shares during the period. Invesco Ltd. increased its position in Carlisle Companies by 2.6% during the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after purchasing an additional 27,049 shares during the period. Sands Capital Management LLC increased its position in Carlisle Companies by 99.2% during the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after purchasing an additional 423,141 shares during the period. First Eagle Investment Management LLC increased its position in Carlisle Companies by 20.4% during the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock valued at $206,681,000 after purchasing an additional 109,410 shares during the period. Finally, Barclays PLC increased its position in Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after purchasing an additional 451,662 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CSL. Raymond James Financial began coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. JPMorgan Chase & Co. increased their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Oppenheimer increased their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $405.00.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $343.93 on Friday. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The firm has a 50 day moving average of $346.47 and a 200-day moving average of $350.03.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.61 EPS. On average, equities analysts forecast that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

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.