Invst LLC Invests $907,000 in Carlisle Companies Incorporated $CSL

Invst LLC purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,500 shares of the conglomerate’s stock, valued at approximately $907,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSL. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Carlisle Companies in the fourth quarter valued at about $8,582,000. SEB Asset Management AB bought a new position in Carlisle Companies during the first quarter worth about $6,783,000. Brandywine Global Investment Management LLC boosted its holdings in Carlisle Companies by 49.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 86,311 shares of the conglomerate’s stock worth $27,607,000 after buying an additional 28,493 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Carlisle Companies during the 1st quarter worth about $2,183,000. Finally, Lazard Asset Management LLC grew its position in shares of Carlisle Companies by 5.5% during the 1st quarter. Lazard Asset Management LLC now owns 190,650 shares of the conglomerate’s stock worth $63,605,000 after buying an additional 10,009 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Up 0.1%

NYSE:CSL opened at $362.95 on Wednesday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $432.91. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The stock has a market cap of $14.41 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.14 and a beta of 0.85. The stock has a 50-day moving average price of $358.87 and a two-hundred day moving average price of $358.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company earned $6.27 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities analysts expect that Carlisle Companies Incorporated will post 21.29 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is currently 28.69%.

Analyst Ratings Changes

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