Foster & Motley Inc. Buys Shares of 2,732 Carlisle Companies Incorporated $CSL

Foster & Motley Inc. purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,732 shares of the conglomerate’s stock, valued at approximately $991,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSL. Goldman Sachs Group Inc. raised its position in shares of Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after buying an additional 28,414 shares during the last quarter. Baird Financial Group Inc. raised its stake in Carlisle Companies by 8.4% in the second quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after buying an additional 197 shares in the last quarter. Jump Financial LLC bought a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $1,345,000. Bank of Nova Scotia raised its holdings in shares of Carlisle Companies by 118.6% in the second quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock worth $615,000 after buying an additional 893 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Carlisle Companies by 40.0% during the second quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock worth $43,088,000 after purchasing an additional 32,996 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSL. Robert W. Baird set a $412.00 target price on Carlisle Companies in a research note on Thursday, July 30th. Oppenheimer lifted their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Truist Financial lowered their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Finally, Raymond James Financial started coverage on shares of Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

Carlisle Companies Trading Up 2.7%

Shares of Carlisle Companies stock opened at $366.05 on Thursday. The company has a 50-day moving average of $357.77 and a two-hundred day moving average of $358.16. 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 $14.54 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.12 and a beta of 0.85. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91.

Carlisle Companies (NYSE:CSL) last posted 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. The firm had revenue of $1.57 billion for 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%.Carlisle Companies’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.27 EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 21.21 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

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