Bank of Nova Scotia Makes New $2.61 Million Investment in Carlisle Companies Incorporated $CSL

Bank of Nova Scotia bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,194 shares of the conglomerate’s stock, valued at approximately $2,610,000.

A number of other large investors also recently made changes to their positions in the business. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies during the fourth quarter worth approximately $27,000. Signature Equity Partners LLC increased its stake in Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after buying an additional 94 shares during the period. Torren Management LLC acquired a new position in Carlisle Companies in the 4th quarter valued at approximately $33,000. Allied Private Wealth LLC purchased a new stake in Carlisle Companies in the 2nd quarter worth approximately $33,000. Finally, Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Up 0.8%

CSL stock opened at $366.08 on Thursday. The firm has a market cap of $14.54 billion, a PE ratio of 21.00, a PEG ratio of 1.14 and a beta of 0.85. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $432.91. The company has a fifty day simple moving average of $359.35 and a 200 day simple moving average of $358.01. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $6.27 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.29 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is currently 28.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CSL shares. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. DA Davidson assumed coverage on Carlisle Companies in a research report on Monday. They set a “neutral” rating and a $410.00 price objective for the company. Finally, Truist Financial lowered their target price on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $402.43.

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.