First National Bank of Omaha Makes New Investment in Carlisle Companies Incorporated $CSL

First National Bank of Omaha bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 5,037 shares of the conglomerate’s stock, valued at approximately $1,827,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new position in shares of Carlisle Companies in the 4th quarter worth $27,000. Signature Equity Partners LLC boosted its holdings in Carlisle Companies by 3,133.3% during the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 94 shares during the last quarter. Torren Management LLC bought a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $33,000. Allied Private Wealth LLC purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at $33,000. Finally, Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies during the second quarter worth about $36,000. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CSL. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Oppenheimer upped their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Robert W. Baird set a $412.00 target price on Carlisle Companies in a research note on Thursday, July 30th. Raymond James Financial started coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target on the stock. Finally, Truist Financial dropped their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $401.17.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $366.05 on Thursday. The company’s fifty day moving average price is $357.77 and its 200-day moving average price is $358.16. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The firm has a market capitalization of $14.54 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.12 and a beta of 0.85. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $6.27 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 21.21 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Carlisle Companies’s dividend payout ratio (DPR) is 25.24%.

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.