Employees Provident Fund Board Makes New $16.79 Million Investment in Carlisle Companies Incorporated $CSL

Employees Provident Fund Board purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 52,500 shares of the conglomerate’s stock, valued at approximately $16,793,000. Employees Provident Fund Board owned approximately 0.13% of Carlisle Companies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BOK Financial Private Wealth Inc. bought a new position in Carlisle Companies in the fourth quarter valued at $27,000. Osterweis Capital Management Inc. bought a new stake in Carlisle Companies during the 2nd quarter worth about $36,000. Torren Management LLC acquired a new position in shares of Carlisle Companies during the 4th quarter worth about $33,000. Quarry LP acquired a new position in shares of Carlisle Companies during the 4th quarter worth about $36,000. Finally, Rothschild Investment LLC grew its holdings in shares of Carlisle Companies by 3,866.7% in the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 116 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CSL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Robert W. Baird boosted their price target on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Raymond James Financial began coverage on Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Finally, William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $362.05 on Friday. The company has a market capitalization of $14.65 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.14 and a beta of 0.86. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The company has a 50-day simple moving average of $348.61 and a 200 day simple moving average of $351.46. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. Carlisle Companies’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.61 EPS. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $1.10 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio is presently 25.87%.

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.