First Manhattan CO. LLC. acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 438,491 shares of the conglomerate’s stock, valued at approximately $140,256,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp increased its position in shares of Carlisle Companies by 6.9% during the 4th quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after purchasing an additional 134,241 shares during the last quarter. Invesco Ltd. increased its position in shares of Carlisle Companies by 2.6% during the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after purchasing an additional 27,049 shares during the last quarter. Sands Capital Management LLC increased its position in shares of Carlisle Companies by 13.9% during the 4th quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock worth $309,509,000 after purchasing an additional 118,139 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Carlisle Companies by 20.4% during the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after purchasing an additional 109,410 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after purchasing an additional 451,662 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CSL has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Raymond James Financial assumed coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and a consensus target price of $405.00.
Carlisle Companies Stock Performance
Shares of Carlisle Companies stock opened at $342.09 on Thursday. The business has a 50-day moving average of $347.64 and a 200 day moving average of $351.07. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.12 and a beta of 0.86. 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 – Get Free Report) last announced its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business posted $3.61 EPS. Carlisle Companies’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.
Carlisle Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a dividend of $1.10 per share. 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.
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