VELA Investment Management LLC Raises Holdings in Carlisle Companies Incorporated $CSL

VELA Investment Management LLC raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 8.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,178 shares of the conglomerate’s stock after acquiring an additional 1,772 shares during the period. Carlisle Companies accounts for about 1.7% of VELA Investment Management LLC’s investment portfolio, making the stock its 9th biggest holding. VELA Investment Management LLC owned about 0.06% of Carlisle Companies worth $8,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System increased its position in Carlisle Companies by 29,027.9% in the second quarter. California State Teachers Retirement System now owns 20,404,688 shares of the conglomerate’s stock worth $7,401,801,000 after buying an additional 20,334,636 shares during the period. BlackRock Inc. acquired a new position in shares of Carlisle Companies during the second quarter valued at $1,499,602,000. Bank of New York Mellon Corp acquired a new position in shares of Carlisle Companies during the second quarter valued at $405,245,000. First Manhattan CO. LLC. bought a new position in shares of Carlisle Companies during the fourth quarter worth about $140,256,000. Finally, Madison Asset Management LLC acquired a new stake in shares of Carlisle Companies in the 2nd quarter worth about $152,865,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Up 0.2%

CSL stock opened at $352.98 on Monday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The firm’s 50-day moving average is $356.31 and its two-hundred day moving average is $354.95. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm posted $6.27 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. On average, analysts forecast that Carlisle Companies Incorporated will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio is 28.69%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CSL shares. Truist Financial reduced their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. DA Davidson started coverage on Carlisle Companies in a research report on Monday, August 24th. They issued a “neutral” rating and a $410.00 target price on the stock. Weiss Ratings raised Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Finally, Robert W. Baird set a $412.00 price target on Carlisle Companies in a research report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $402.43.

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.