BI Asset Management Fondsmaeglerselskab A S Has $13.63 Million Position in Carlisle Companies Incorporated $CSL

BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.9% in the first quarter, Holdings Channel reports. The fund owned 40,860 shares of the conglomerate’s stock after acquiring an additional 2,621 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Carlisle Companies were worth $13,632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MML Investors Services LLC grew its holdings in shares of Carlisle Companies by 1.1% in the 4th quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock worth $799,000 after purchasing an additional 27 shares during the last quarter. Raiffeisen Bank International AG lifted its holdings in Carlisle Companies by 12.8% during the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock valued at $80,000 after purchasing an additional 28 shares during the last quarter. Huntington National Bank lifted its holdings in Carlisle Companies by 25.2% during the 4th quarter. Huntington National Bank now owns 169 shares of the conglomerate’s stock valued at $54,000 after purchasing an additional 34 shares during the last quarter. Mackenzie Financial Corp boosted its position in Carlisle Companies by 1.0% in the third quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock valued at $1,160,000 after buying an additional 34 shares in the last quarter. Finally, Nicolet Advisory Services LLC boosted its position in Carlisle Companies by 3.5% in the third quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock valued at $337,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

CSL stock opened at $362.05 on Monday. The company has a 50 day moving average price of $348.61 and a 200 day moving average price of $351.69. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The stock has a market capitalization of $14.65 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.14 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $3.61 EPS. Analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CSL. JPMorgan Chase & Co. raised their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Oppenheimer boosted their target price on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Truist Financial increased their price target on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Robert W. Baird raised their price target on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $405.00.

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.