Bank of Nova Scotia lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 96.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,829 shares of the conglomerate’s stock after purchasing an additional 1,391 shares during the quarter. Bank of Nova Scotia’s holdings in Carlisle Companies were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in CSL. Hanseatic Management Services Inc. bought a new stake in Carlisle Companies in the third quarter valued at $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Carlisle Companies in the third quarter valued at approximately $36,000. Belpointe Asset Management LLC acquired a new stake in Carlisle Companies in the 4th quarter valued at approximately $50,000. Signaturefd LLC raised its stake in Carlisle Companies by 71.8% during the 3rd quarter. Signaturefd LLC now owns 292 shares of the conglomerate’s stock valued at $82,000 after acquiring an additional 122 shares in the last quarter. Finally, Tobam acquired a new position in Carlisle Companies during the 4th quarter worth $106,000. Institutional investors own 89.76% of the company’s stock.
Wall Street Analyst Weigh In
CSL has been the topic of a number of recent analyst reports. Loop Capital cut their price objective on shares of Carlisle Companies from $300.00 to $285.00 in a research note on Friday, April 28th. Wells Fargo & Company increased their price objective on shares of Carlisle Companies from $315.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Oppenheimer dropped their target price on Carlisle Companies from $360.00 to $345.00 and set an “outperform” rating on the stock in a report on Friday, March 17th. BMO Capital Markets decreased their price target on Carlisle Companies from $335.00 to $310.00 in a research note on Monday, May 1st. Finally, Credit Suisse Group lowered their price target on Carlisle Companies from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target of $306.67.
Carlisle Companies Price Performance
Carlisle Companies (NYSE:CSL – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The conglomerate reported $2.57 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.05). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.21 billion. Carlisle Companies had a return on equity of 32.04% and a net margin of 13.26%. The company’s revenue was down 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.26 earnings per share. Equities analysts forecast that Carlisle Companies Incorporated will post 18.36 EPS for the current fiscal year.
Carlisle Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Wednesday, May 17th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $3.00 annualized dividend and a yield of 1.42%. Carlisle Companies’s dividend payout ratio is presently 18.93%.
Carlisle Companies Profile
Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT).
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