Dynamic Capital Management Ltd Invests $1.45 Million in Carlisle Companies, Inc. (NYSE:CSL)

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%.

ILLEGAL ACTIVITY WARNING: “Dynamic Capital Management Ltd Invests $1.45 Million in Carlisle Companies, Inc. (NYSE:CSL)” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2019/06/13/dynamic-capital-management-ltd-invests-1-45-million-in-carlisle-companies-inc-nysecsl.html.

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.

Further Reading: What is an investor looking for in an SEC filing?

Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Companies, Inc. (NYSE:CSL).

Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply