1,886 Shares in Carlisle Companies Incorporated $CSL Purchased by Havemeyer Place LP

Havemeyer Place LP purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,886 shares of the conglomerate’s stock, valued at approximately $603,000.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after buying an additional 27,049 shares in the last quarter. Sands Capital Management LLC grew its stake in Carlisle Companies by 99.2% in the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after acquiring an additional 423,141 shares during the period. First Eagle Investment Management LLC grew its stake in Carlisle Companies by 20.4% in the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock valued at $206,681,000 after acquiring an additional 109,410 shares during the period. Barclays PLC increased its holdings in Carlisle Companies by 947.3% in the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after acquiring an additional 451,662 shares in the last quarter. Finally, Cooke & Bieler LP raised its position in Carlisle Companies by 19.2% during the fourth quarter. Cooke & Bieler LP now owns 444,390 shares of the conglomerate’s stock worth $142,143,000 after acquiring an additional 71,613 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Raymond James Financial started coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Finally, Truist Financial boosted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $338.07 on Tuesday. The company has a fifty day simple moving average of $345.63 and a 200-day simple moving average of $349.30. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.09 and a beta of 0.86. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $3.61 earnings per share. Carlisle Companies’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 21.18 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s payout ratio is currently 25.87%.

About Carlisle Companies

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.