Carlisle Companies Incorporated $CSL Shares Purchased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 49.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,311 shares of the conglomerate’s stock after purchasing an additional 28,493 shares during the period. Brandywine Global Investment Management LLC’s holdings in Carlisle Companies were worth $27,607,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in Carlisle Companies by 2.6% in the 3rd 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 in the last quarter. Sands Capital Management LLC grew 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 valued at $279,452,000 after acquiring an additional 423,141 shares in the last quarter. First Eagle Investment Management LLC grew 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 valued at $206,681,000 after acquiring an additional 109,410 shares in the last quarter. Barclays PLC grew its stake in shares of Carlisle Companies by 947.3% during the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after acquiring an additional 451,662 shares in the last quarter. Finally, Cooke & Bieler LP grew its stake in shares of Carlisle Companies by 19.2% during the fourth quarter. Cooke & Bieler LP now owns 444,390 shares of the conglomerate’s stock valued at $142,143,000 after acquiring an additional 71,613 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $338.07 on Tuesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company’s 50-day simple moving average is $345.63 and its 200-day simple moving average is $349.30. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.09 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company posted $3.61 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts anticipate that Carlisle Companies Incorporated will post 21.18 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

Analysts Set New Price Targets

CSL has been the subject of several recent analyst reports. Truist Financial raised their target price on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Oppenheimer raised their target price on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Robert W. Baird raised their target price on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their target price on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from 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.