Bank of New York Mellon Corp Buys 558,710 Shares of Carlisle Companies Incorporated $CSL

Bank of New York Mellon Corp raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 113.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,049,039 shares of the conglomerate’s stock after purchasing an additional 558,710 shares during the quarter. Bank of New York Mellon Corp owned 2.45% of Carlisle Companies worth $345,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CSL. Boston Common Asset Management LLC lifted its stake in shares of Carlisle Companies by 9.4% during the 2nd quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock valued at $5,210,000 after buying an additional 1,202 shares in the last quarter. EFG Asset Management North America Corp. raised its holdings in Carlisle Companies by 11.3% during the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after acquiring an additional 885 shares during the period. Sierra Legacy Group purchased a new stake in shares of Carlisle Companies during the second quarter worth $764,000. Legal & General Group Plc boosted its holdings in shares of Carlisle Companies by 4.9% in the second quarter. Legal & General Group Plc now owns 162,884 shares of the conglomerate’s stock worth $60,821,000 after acquiring an additional 7,569 shares during the period. Finally, Andra AP fonden grew its position in shares of Carlisle Companies by 1,207.7% in the second quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock valued at $10,249,000 after purchasing an additional 25,350 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 0.1%

Shares of CSL opened at $341.36 on Friday. 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 $14.27 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.06 and a beta of 0.95. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. The firm’s 50 day simple moving average is $334.16 and its 200 day simple moving average is $349.00.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.14. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.78 earnings per share. Sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s payout ratio is currently 24.96%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CSL. The Goldman Sachs Group cut their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Oppenheimer lowered their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Vertical Research initiated coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Truist Financial decreased their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $386.67.

Carlisle Companies 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.