12,612 Shares in Carlisle Companies Incorporated $CSL Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,612 shares of the conglomerate’s stock, valued at approximately $4,149,000.

Several other institutional investors also recently added to or reduced their stakes in CSL. JPMorgan Chase & Co. grew its stake in shares of Carlisle Companies by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after acquiring an additional 358,241 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Carlisle Companies by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after purchasing an additional 130,235 shares during the last quarter. Bessemer Group Inc. grew its position in Carlisle Companies by 26.7% in the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after purchasing an additional 134,718 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Carlisle Companies by 6.7% during the 2nd quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock worth $200,000,000 after purchasing an additional 33,552 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Carlisle Companies by 27.0% in the second quarter. Bank of New York Mellon Corp now owns 490,329 shares of the conglomerate’s stock valued at $183,089,000 after buying an additional 104,108 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Trading Down 0.2%

Shares of Carlisle Companies stock opened at $358.00 on Friday. The stock has a market capitalization of $14.96 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.12 and a beta of 0.95. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The company has a 50-day simple moving average of $329.76 and a 200 day simple moving average of $351.16. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $5.78 earnings per share. Research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 14th. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.96%.

Wall Street Analysts Forecast Growth

CSL has been the topic of several research reports. The Goldman Sachs Group lowered their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Oppenheimer lowered their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Robert W. Baird reduced their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. decreased their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Truist Financial dropped their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $386.67.

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.