10,399 Shares in Carlisle Companies Incorporated $CSL Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,399 shares of the conglomerate’s stock, valued at approximately $3,772,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth about $1,499,602,000. State Street Corp increased its position in shares of Carlisle Companies by 6.9% during the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock valued at $668,616,000 after buying an additional 134,241 shares during the period. Bank of New York Mellon Corp increased its position in shares of Carlisle Companies by 26.8% during the first quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock valued at $397,561,000 after buying an additional 251,614 shares during the period. Invesco Ltd. raised its stake in Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after buying an additional 27,049 shares in the last quarter. Finally, Sands Capital Management LLC raised its stake in Carlisle Companies by 13.9% in the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock worth $309,509,000 after buying an additional 118,139 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Performance

Shares of CSL opened at $362.95 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The stock has a market cap of $14.41 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.14 and a beta of 0.85. The business’s 50 day moving average price is $358.87 and its 200-day moving average price is $358.26. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The company 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 firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $6.27 EPS. Equities research analysts anticipate that Carlisle Companies Incorporated will post 21.29 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

CSL has been the topic of several research reports. DA Davidson started coverage on Carlisle Companies in a research report on Monday. They set a “neutral” rating and a $410.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Robert W. Baird set a $412.00 target price on Carlisle Companies in a research note on Thursday, July 30th. Finally, Truist Financial dropped their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $402.43.

Carlisle Companies 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.