Harvey Investment Co. LLC Makes New $1.15 Million Investment in Carlisle Companies Incorporated $CSL

Harvey Investment Co. LLC acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, HoldingsChannel reports. The fund acquired 3,500 shares of the conglomerate’s stock, valued at approximately $1,151,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Carlisle Companies by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after buying an additional 358,241 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Carlisle Companies by 11.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after acquiring an additional 130,235 shares during the last quarter. Bessemer Group Inc. raised its stake in Carlisle Companies by 26.7% in the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock valued at $238,791,000 after acquiring an additional 134,718 shares during the period. First Trust Advisors LP lifted its holdings in Carlisle Companies by 6.7% during the 2nd quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock valued at $200,000,000 after purchasing an additional 33,552 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Carlisle Companies by 27.0% during the second quarter. Bank of New York Mellon Corp now owns 490,329 shares of the conglomerate’s stock worth $183,089,000 after purchasing an additional 104,108 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CSL. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Truist Financial lowered their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. The Goldman Sachs Group reduced their price objective on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Finally, Oppenheimer decreased their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Carlisle Companies currently has a consensus rating of “Hold” and an average target price of $386.67.

Carlisle Companies Trading Up 2.8%

Shares of CSL stock opened at $328.79 on Monday. The stock has a market cap of $13.74 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. The stock has a 50 day simple moving average of $322.24 and a 200 day simple moving average of $353.30.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $5.78 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a $1.10 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s payout ratio is presently 24.96%.

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.