Handelsbanken Fonder AB Grows Stake in Carlisle Companies Incorporated $CSL

Handelsbanken Fonder AB increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 31.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 213,065 shares of the conglomerate’s stock after purchasing an additional 50,988 shares during the period. Handelsbanken Fonder AB owned 0.53% of Carlisle Companies worth $77,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new stake in Carlisle Companies during the 2nd quarter worth approximately $587,000. Next Level Private LLC lifted its position in shares of Carlisle Companies by 0.3% in the second quarter. Next Level Private LLC now owns 12,303 shares of the conglomerate’s stock valued at $4,463,000 after acquiring an additional 38 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of Carlisle Companies in the second quarter worth approximately $33,000. Chesley Taft & Associates LLC boosted its stake in shares of Carlisle Companies by 80.6% in the second quarter. Chesley Taft & Associates LLC now owns 10,224 shares of the conglomerate’s stock worth $3,709,000 after acquiring an additional 4,564 shares during the last quarter. Finally, Kwmg LLC increased its position in shares of Carlisle Companies by 2.6% during the second quarter. Kwmg LLC now owns 21,614 shares of the conglomerate’s stock worth $7,840,000 after purchasing an additional 544 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSL has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Robert W. Baird set a $412.00 target price on shares of Carlisle Companies in a research note on Thursday, July 30th. Raymond James Financial assumed coverage on shares of Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. 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. Finally, Truist Financial decreased their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $401.17.

Carlisle Companies Stock Down 0.7%

Carlisle Companies stock opened at $384.79 on Tuesday. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $432.91. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The firm has a 50 day moving average price of $353.53 and a 200 day moving average price of $357.06. The company has a market capitalization of $15.28 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the company earned $6.27 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts expect that Carlisle Companies Incorporated will post 21.21 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.24%.

Carlisle Companies Company 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.