Dixon Mitchell Investment Counsel Inc. Acquires 3,685 Shares of Carlisle Companies Incorporated $CSL

Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,714 shares of the conglomerate’s stock after purchasing an additional 3,685 shares during the period. Dixon Mitchell Investment Counsel Inc. owned about 0.21% of Carlisle Companies worth $28,717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. BOK Financial Private Wealth Inc. bought a new stake in Carlisle Companies during the fourth quarter worth $27,000. Torren Management LLC bought a new position in shares of Carlisle Companies in the fourth quarter worth about $33,000. Osterweis Capital Management Inc. bought a new position in shares of Carlisle Companies in the second quarter worth about $36,000. Quarry LP bought a new position in shares of Carlisle Companies in the fourth quarter worth about $36,000. Finally, Rothschild Investment LLC lifted its holdings in shares of Carlisle Companies by 3,866.7% in the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after acquiring an additional 116 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on CSL. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Oppenheimer increased 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 increased their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. increased their target price 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. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Carlisle Companies presently has an average rating of “Hold” and an average target price of $405.00.

Carlisle Companies Stock Up 0.9%

Shares of NYSE CSL opened at $343.93 on Friday. The company has a 50 day simple moving average of $346.47 and a 200 day simple moving average of $350.03. The firm has a market cap of $13.92 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year 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.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The business had revenue of $1.05 billion during 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 firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $3.61 EPS. On average, research analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $1.10 dividend. 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%.

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.