Kennedy Capital Management LLC Reduces Position in Carlisle Companies Incorporated $CSL

Kennedy Capital Management LLC decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 43.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,626 shares of the conglomerate’s stock after selling 15,361 shares during the quarter. Kennedy Capital Management LLC’s holdings in Carlisle Companies were worth $6,278,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. State Street Corp grew its holdings in shares of Carlisle Companies by 6.9% during the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after buying an additional 134,241 shares in the last quarter. Invesco Ltd. grew its holdings 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 purchasing an additional 27,049 shares during the period. Sands Capital Management LLC grew its holdings in shares of Carlisle Companies by 99.2% in the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after purchasing an additional 423,141 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Carlisle Companies by 20.4% in the fourth quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock valued at $206,681,000 after purchasing an additional 109,410 shares during the period. Finally, Barclays PLC grew its holdings in shares of Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after purchasing an additional 451,662 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 2.9%

Shares of CSL stock opened at $353.84 on Tuesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The firm has a market cap of $14.32 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86. The company has a 50-day moving average of $346.92 and a two-hundred day moving average of $350.61. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. Carlisle Companies’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CSL shares. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. JPMorgan Chase & Co. upped their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Truist Financial upped their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Finally, Raymond James Financial started coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $405.00.

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.