Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 4,820 Shares of Carlisle Companies Incorporated $CSL

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Carlisle Companies Incorporated (NYSE:CSL) by 32.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,620 shares of the conglomerate’s stock after buying an additional 4,820 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Carlisle Companies were worth $6,546,000 as of its most recent SEC filing.

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

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $366.37 on Monday. The firm has a 50 day simple moving average of $351.74 and a 200-day simple moving average of $354.84. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate 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 net margin of 14.57% and a return on equity of 43.78%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.61 EPS. On average, analysts expect that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a $1.10 dividend. 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 equities research analysts have commented on CSL shares. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Raymond James Financial began coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Truist Financial increased their target price on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Oppenheimer increased their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Five 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 $405.00.

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.