TOMS Capital Investment Management LP Makes New $54.22 Million Investment in Carlisle Companies Incorporated (NYSE:CSL)

TOMS Capital Investment Management LP bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 147,000 shares of the conglomerate’s stock, valued at approximately $54,219,000. Carlisle Companies comprises 2.0% of TOMS Capital Investment Management LP’s holdings, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its holdings in Carlisle Companies by 475.0% during the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock worth $25,000 after buying an additional 57 shares during the last quarter. GeoWealth Management LLC boosted its holdings in Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after buying an additional 29 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock worth $59,000 after buying an additional 78 shares during the last quarter. Quarry LP boosted its holdings in Carlisle Companies by 39.8% during the fourth quarter. Quarry LP now owns 186 shares of the conglomerate’s stock worth $69,000 after buying an additional 53 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Carlisle Companies by 55.4% during the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 0.5 %

NYSE CSL opened at $376.84 on Tuesday. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.03 and a beta of 0.94. The stock’s 50 day moving average price is $342.27 and its two-hundred day moving average price is $386.45. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $3.72 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CSL has been the topic of several recent analyst reports. Loop Capital cut their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group cut their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Truist Financial cut their price objective on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. StockNews.com cut Carlisle Companies from a “hold” rating to a “sell” rating in a report on Monday. Finally, Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $454.00.

Insider Transactions at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.