AlphaQuest LLC Increases Position in Carlisle Companies Incorporated $CSL

AlphaQuest LLC grew its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 186.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,609 shares of the conglomerate’s stock after buying an additional 3,000 shares during the period. AlphaQuest LLC’s holdings in Carlisle Companies were worth $1,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Invesco Ltd. increased its stake in shares of Carlisle Companies by 2.6% during the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after acquiring an additional 27,049 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after acquiring an additional 558,710 shares during the period. Sands Capital Management LLC increased its stake in shares of Carlisle Companies by 99.2% during the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after acquiring an additional 423,141 shares during the period. Bessemer Group Inc. increased its stake in shares of Carlisle Companies by 2.5% during the third quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock worth $215,582,000 after acquiring an additional 15,834 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Carlisle Companies by 20.4% during the fourth quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after acquiring an additional 109,410 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSL has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Raymond James Financial initiated coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Oppenheimer boosted their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Stock Up 1.1%

CSL stock opened at $344.94 on Thursday. The company’s 50 day simple moving average is $344.74 and its 200-day simple moving average is $347.62. The firm has a market capitalization of $13.96 billion, a PE ratio of 20.28, a P/E/G ratio of 1.08 and a beta of 0.88. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. The business had revenue of $1.05 billion for 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%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.61 earnings per share. Equities analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given a $1.10 dividend. The ex-dividend date is Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio is currently 25.87%.

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.