Bessemer Group Inc. Raises Holdings in Carlisle Companies Incorporated $CSL

Bessemer Group Inc. boosted its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.0% in the 1st quarter, Holdings Channel reports. The firm owned 620,699 shares of the conglomerate’s stock after acquiring an additional 17,847 shares during the quarter. Bessemer Group Inc.’s holdings in Carlisle Companies were worth $207,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSL. State Street Corp raised its position in shares of Carlisle Companies by 6.9% in the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock valued at $668,616,000 after buying an additional 134,241 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Carlisle Companies by 26.8% during the first quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after acquiring an additional 251,614 shares during the last quarter. Invesco Ltd. grew its stake in Carlisle Companies by 2.6% during the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after acquiring an additional 27,049 shares in the last quarter. Sands Capital Management LLC raised its holdings in Carlisle Companies by 13.9% in the 4th quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock valued at $309,509,000 after acquiring an additional 118,139 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Carlisle Companies by 20.4% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

CSL has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Raymond James Financial started coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective on the stock. Oppenheimer boosted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock 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 stock an “outperform” rating in a research note on Friday, April 24th. Finally, Truist Financial reduced their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Carlisle Companies has an average rating of “Hold” and an average price target of $402.14.

Carlisle Companies Stock Up 2.4%

CSL stock opened at $352.28 on Friday. The firm has a market cap of $14.26 billion, a PE ratio of 20.71, a PEG ratio of 1.08 and a beta of 0.85. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The firm’s 50 day moving average price is $348.65 and its 200-day moving average price is $355.56. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data 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 return on equity of 43.78% and a net margin of 14.57%.The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.61 earnings per share. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio is 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.