Nordea Investment Management AB Purchases 6,547 Shares of Carlisle Companies Incorporated $CSL

Nordea Investment Management AB raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 57.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 17,848 shares of the conglomerate’s stock after acquiring an additional 6,547 shares during the period. Nordea Investment Management AB’s holdings in Carlisle Companies were worth $6,629,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GFG Capital LLC bought a new position in Carlisle Companies during the second quarter valued at $25,000. Hemington Wealth Management boosted its stake in Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after buying an additional 26 shares during the period. Dagco Inc. purchased a new position in Carlisle Companies during the first quarter worth $27,000. Costello Asset Management INC purchased a new position in Carlisle Companies during the second quarter worth $34,000. Finally, MAI Capital Management boosted its stake in Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after buying an additional 34 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL stock opened at $329.26 on Tuesday. The stock’s 50-day simple moving average is $357.53 and its 200-day simple moving average is $372.07. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.08 and a beta of 1.00. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $473.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the company posted $6.24 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.58%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CSL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, October 8th. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. decreased their target price on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Truist Financial decreased their target price on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, September 22nd. Finally, The Goldman Sachs Group decreased their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and a consensus target price of $390.00.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.