Carlisle Companies Incorporated $CSL Stake Raised by WCM Investment Management LLC

WCM Investment Management LLC increased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 11.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,093 shares of the conglomerate’s stock after acquiring an additional 113 shares during the period. WCM Investment Management LLC’s holdings in Carlisle Companies were worth $409,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Bridges Investment Management Inc. lifted its stake in Carlisle Companies by 11.2% in the 2nd quarter. Bridges Investment Management Inc. now owns 46,093 shares of the conglomerate’s stock worth $17,211,000 after acquiring an additional 4,630 shares in the last quarter. New York State Teachers Retirement System increased its position in Carlisle Companies by 2.5% in the 2nd quarter. New York State Teachers Retirement System now owns 39,505 shares of the conglomerate’s stock worth $14,751,000 after purchasing an additional 948 shares during the last quarter. Generali Asset Management SPA SGR raised its stake in shares of Carlisle Companies by 5,539.1% during the 2nd quarter. Generali Asset Management SPA SGR now owns 5,188 shares of the conglomerate’s stock worth $1,937,000 after purchasing an additional 5,096 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Carlisle Companies by 98.2% during the 2nd quarter. Ritholtz Wealth Management now owns 4,225 shares of the conglomerate’s stock worth $1,577,000 after purchasing an additional 2,093 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Carlisle Companies by 170.7% during the 2nd quarter. Harbour Investments Inc. now owns 490 shares of the conglomerate’s stock worth $183,000 after purchasing an additional 309 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSL has been the subject of a number of recent research reports. Truist Financial cut their price target on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research note on Monday, September 22nd. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. cut their price target on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Robert W. Baird cut their price target on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $403.33.

Carlisle Companies Price Performance

NYSE CSL opened at $319.03 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $359.14 and a 200 day simple moving average of $371.71. The company has a market cap of $13.64 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.10 and a beta of 1.00. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $474.73.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.Carlisle Companies’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $6.24 earnings per share. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $1.10 dividend. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. Carlisle Companies’s payout ratio is 24.58%.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.