Munich Reinsurance Co Stock Corp in Munich Buys Shares of 2,793 Carlisle Companies Incorporated $CSL

Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,793 shares of the conglomerate’s stock, valued at approximately $1,013,000.

Several other institutional investors and hedge funds also recently modified their holdings of CSL. BOK Financial Private Wealth Inc. acquired a new position in shares of Carlisle Companies during the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp acquired a new stake in Carlisle Companies during the 2nd quarter valued at $33,000. Osterweis Capital Management Inc. purchased a new position in Carlisle Companies during the second quarter worth $35,000. Signature Equity Partners LLC raised 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 during the last quarter. Finally, Allied Private Wealth LLC acquired a new position in shares of Carlisle Companies in the second quarter worth $33,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of analyst reports. Weiss Ratings raised Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Robert W. Baird set a $412.00 target price on shares of Carlisle Companies in a research note on Thursday, July 30th. DA Davidson assumed coverage on shares of Carlisle Companies in a report on Monday, August 24th. They issued a “neutral” rating and a $410.00 target price on the stock. Finally, Truist Financial lowered their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $402.43.

Carlisle Companies Price Performance

CSL stock opened at $352.98 on Friday. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.08 and a beta of 0.84. 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 Incorporated has a 52-week low of $293.43 and a 52-week high of $432.91. The stock’s fifty day simple moving average is $356.31 and its 200-day simple moving average is $355.33.

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. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.27 earnings per share. Equities research analysts expect that Carlisle Companies Incorporated will post 21.27 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a $1.25 dividend. The ex-dividend date was Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Carlisle Companies’s payout ratio is presently 28.69%.

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.