Welch & Forbes LLC Lowers Holdings in Carlisle Companies Incorporated $CSL

Welch & Forbes LLC cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,526 shares of the conglomerate’s stock after selling 9,191 shares during the period. Welch & Forbes LLC’s holdings in Carlisle Companies were worth $42,070,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Invesco Ltd. lifted 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 worth $346,777,000 after purchasing an additional 27,049 shares in the last quarter. Sands Capital Management LLC lifted its holdings in Carlisle Companies by 99.2% in the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after purchasing an additional 423,141 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Carlisle Companies by 2.5% in the 3rd quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock worth $215,582,000 after purchasing an additional 15,834 shares in the last quarter. First Eagle Investment Management LLC lifted 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 worth $206,681,000 after purchasing an additional 109,410 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Carlisle Companies by 947.3% in the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after purchasing an additional 451,662 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSL. Raymond James Financial began coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Finally, Robert W. Baird lifted their target price on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Trading Up 0.7%

CSL opened at $344.99 on Friday. The firm has a market cap of $13.96 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.09 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 current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The stock has a 50-day moving average of $344.83 and a 200 day moving average of $347.77.

Carlisle Companies (NYSE:CSL) last released 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 return on equity of 43.78% and a net margin of 14.57%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business posted $3.61 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. As a group, research analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Announces Dividend

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

Carlisle Companies 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.