M&G PLC Makes New $11.91 Million Investment in Carlisle Companies Incorporated $CSL

M&G PLC acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,209 shares of the conglomerate’s stock, valued at approximately $11,913,000. M&G PLC owned 0.09% of Carlisle Companies at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Carlisle Companies by 69.6% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 32 shares during the period. Blue Trust Inc. increased its stake in Carlisle Companies by 4.9% during the third quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock valued at $223,000 after acquiring an additional 32 shares during the period. DNB Asset Management AS raised its holdings in Carlisle Companies by 0.3% in the 2nd quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock valued at $4,576,000 after acquiring an additional 33 shares in the last quarter. MAI Capital Management raised its holdings in Carlisle Companies by 26.6% in the 2nd quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock valued at $59,000 after acquiring an additional 33 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Carlisle Companies by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock worth $1,849,000 after acquiring an additional 33 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Down 1.8%

CSL opened at $408.96 on Tuesday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The stock has a market capitalization of $17.09 billion, a PE ratio of 23.90, a PEG ratio of 1.30 and a beta of 0.94. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $352.25 and a two-hundred day moving average price of $346.58.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $4.47 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies’s dividend payout ratio is 25.72%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CSL shares. Oppenheimer cut their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Vertical Research started coverage on shares of Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. Truist Financial reduced their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Hold” and an average price target of $392.50.

Insider Activity

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 24,180 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the sale, the chief financial officer owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the transaction, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. This trade represents a 24.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 68,289 shares of company stock valued at $28,125,467. Insiders own 1.40% of the company’s stock.

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.