Carlisle Companies Incorporated $CSL Shares Bought by VELA Investment Management LLC

VELA Investment Management LLC grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 8.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 22,178 shares of the conglomerate’s stock after purchasing an additional 1,772 shares during the period. Carlisle Companies comprises approximately 1.7% of VELA Investment Management LLC’s portfolio, making the stock its 9th biggest holding. VELA Investment Management LLC’s holdings in Carlisle Companies were worth $8,045,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Empowered Funds LLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter valued at $1,914,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Carlisle Companies in the 4th quarter worth $8,582,000. SEB Asset Management AB acquired a new position in shares of Carlisle Companies in the 1st quarter worth $6,783,000. Lazard Asset Management LLC raised its position in shares of Carlisle Companies by 5.5% during the first quarter. Lazard Asset Management LLC now owns 190,650 shares of the conglomerate’s stock worth $63,605,000 after purchasing an additional 10,009 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Carlisle Companies during the first quarter worth $2,183,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Up 0.2%

NYSE CSL opened at $352.98 on Monday. The firm’s 50 day moving average price is $356.31 and its two-hundred day moving average price is $354.95. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.10 and a beta of 0.84.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.27 earnings per share. Equities analysts anticipate that Carlisle Companies Incorporated will post 21.27 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 annualized dividend and a yield of 1.4%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is currently 28.69%.

Analyst Upgrades and Downgrades

CSL has been the subject of several analyst reports. DA Davidson began coverage on Carlisle Companies in a report on Monday, August 24th. They set a “neutral” rating and a $410.00 target price for the company. Weiss Ratings upgraded Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a research note on Thursday, July 30th. Finally, Truist Financial reduced their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Carlisle Companies currently has an average rating of “Hold” and a consensus price target 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.