Carlisle Companies Incorporated $CSL Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 28.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,679 shares of the conglomerate’s stock after acquiring an additional 10,653 shares during the quarter. Squarepoint Ops LLC’s holdings in Carlisle Companies were worth $17,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CSL. California State Teachers Retirement System boosted its position in Carlisle Companies by 29,027.9% during the 2nd quarter. California State Teachers Retirement System now owns 20,404,688 shares of the conglomerate’s stock valued at $7,401,801,000 after purchasing an additional 20,334,636 shares during the period. BlackRock Inc. bought a new stake in Carlisle Companies in the second quarter valued at $1,499,602,000. Bank of New York Mellon Corp acquired a new position in shares of Carlisle Companies during the second quarter valued at $405,245,000. First Manhattan CO. LLC. bought a new position in shares of Carlisle Companies during the fourth quarter worth about $140,256,000. Finally, Madison Asset Management LLC acquired a new stake in shares of Carlisle Companies in the 2nd quarter worth about $152,865,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Carlisle Companies Stock Performance

NYSE:CSL opened at $337.66 on Thursday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month 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 company has a 50-day moving average of $354.90 and a 200-day moving average of $353.61. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping the consensus estimate of $6.35 by $0.68. The business 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 company’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $6.27 EPS. Analysts forecast that Carlisle Companies Incorporated will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a dividend of $1.25 per share. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, August 19th. Carlisle Companies’s dividend payout ratio is 28.69%.

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.