Havemeyer Place LP Acquires New Position in Carlisle Companies Incorporated $CSL

Havemeyer Place LP bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,886 shares of the conglomerate’s stock, valued at approximately $603,000.

A number of other hedge funds have also bought and sold shares of CSL. Barclays PLC lifted 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 worth $164,263,000 after buying an additional 451,662 shares during the period. Sands Capital Management LLC increased its position in shares of Carlisle Companies by 99.2% in the 3rd 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 during the period. Northwestern Mutual Wealth Management Co. raised its stake in Carlisle Companies by 10,568.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock worth $124,489,000 after acquiring an additional 385,550 shares during the last quarter. Norges Bank acquired a new stake in Carlisle Companies during the 4th quarter worth about $87,543,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Carlisle Companies during the 4th quarter valued at about $76,626,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 2.3%

Shares of CSL opened at $338.07 on Tuesday. The company 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 Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The stock’s 50-day moving average price is $345.63 and its 200-day moving average price is $349.30. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.Carlisle Companies’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.61 earnings per share. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 21.18 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is 25.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. JPMorgan Chase & Co. upped their target price on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Raymond James Financial started coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Finally, Oppenheimer upped their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $405.00.

About Carlisle Companies

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.