Mediolanum International Funds Ltd Buys 2,911 Shares of Carlisle Companies Incorporated $CSL

Mediolanum International Funds Ltd lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 45,434 shares of the conglomerate’s stock after buying an additional 2,911 shares during the period. Mediolanum International Funds Ltd’s holdings in Carlisle Companies were worth $14,805,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CSL. BOK Financial Private Wealth Inc. purchased a new stake in Carlisle Companies in the 4th quarter valued at $27,000. Torren Management LLC purchased a new position in Carlisle Companies during the 4th quarter worth $33,000. Osterweis Capital Management Inc. purchased a new position in Carlisle Companies during the 2nd quarter worth $36,000. Quarry LP bought a new stake in shares of Carlisle Companies in the 4th quarter worth $36,000. Finally, Rothschild Investment LLC grew its stake 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 worth $38,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.1%

Shares of NYSE:CSL opened at $345.03 on Monday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a market capitalization of $13.96 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.09 and a beta of 0.85. The business has a fifty day moving average price of $348.34 and a two-hundred day moving average price of $355.69. 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 (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.61 EPS. Analysts forecast that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James Financial began coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price for the company. Truist Financial reduced their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Robert W. Baird upped their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. 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 research note on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and a consensus target price of $402.14.

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.