Dynamic Capital Management Ltd acquired a new position in shares of Carlisle Companies, Inc. (NYSE:CSL) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,811 shares of the conglomerate’s stock, valued at approximately $1,448,000. Carlisle Companies comprises approximately 5.2% of Dynamic Capital Management Ltd’s investment portfolio, making the stock its 4th biggest position.
Other large investors have also modified their holdings of the company. Harris Associates L P grew its position in Carlisle Companies by 60.3% in the 4th quarter. Harris Associates L P now owns 1,244,010 shares of the conglomerate’s stock valued at $125,048,000 after acquiring an additional 468,140 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Carlisle Companies by 43.4% in the 4th quarter. Brown Advisory Inc. now owns 5,938 shares of the conglomerate’s stock valued at $597,000 after buying an additional 1,797 shares during the period. Texas Permanent School Fund boosted its stake in shares of Carlisle Companies by 3.7% in the 4th quarter. Texas Permanent School Fund now owns 38,966 shares of the conglomerate’s stock valued at $3,917,000 after buying an additional 1,379 shares during the period. Segall Bryant & Hamill LLC boosted its stake in shares of Carlisle Companies by 7.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 65,227 shares of the conglomerate’s stock valued at $6,557,000 after buying an additional 4,699 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Carlisle Companies by 10.4% in the 4th quarter. M&T Bank Corp now owns 5,894 shares of the conglomerate’s stock valued at $593,000 after buying an additional 556 shares during the period. 87.39% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on CSL. Robert W. Baird lifted their price objective on Carlisle Companies from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. BMO Capital Markets lifted their price target on Carlisle Companies from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Monday, April 29th. ValuEngine raised Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, Oppenheimer lifted their price target on Carlisle Companies from $140.00 to $150.00 in a research report on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Carlisle Companies presently has a consensus rating of “Buy” and an average target price of $139.86.
NYSE:CSL opened at $137.99 on Thursday. The company has a market capitalization of $7.87 billion, a PE ratio of 22.18, a P/E/G ratio of 1.18 and a beta of 1.05. The company has a current ratio of 2.96, a quick ratio of 2.15 and a debt-to-equity ratio of 0.63. Carlisle Companies, Inc. has a 12-month low of $92.16 and a 12-month high of $142.00.
Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, April 23rd. The conglomerate reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.31. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Carlisle Companies had a return on equity of 15.22% and a net margin of 8.34%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Equities analysts predict that Carlisle Companies, Inc. will post 7.8 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Tuesday, May 14th. Carlisle Companies’s payout ratio is currently 25.72%.
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About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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