First Manhattan CO. LLC. Invests $140.26 Million in Carlisle Companies Incorporated $CSL

First Manhattan CO. LLC. bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 438,491 shares of the conglomerate’s stock, valued at approximately $140,256,000. First Manhattan CO. LLC. owned 1.05% of Carlisle Companies at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new position in Carlisle Companies in the 4th quarter valued at $27,000. Osterweis Capital Management Inc. acquired a new position in Carlisle Companies in the 2nd quarter valued at $36,000. Torren Management LLC acquired a new position in Carlisle Companies in the 4th quarter valued at $33,000. Quarry LP acquired a new position in Carlisle Companies in the 4th quarter valued at $36,000. Finally, Rothschild Investment LLC raised its stake in Carlisle Companies by 3,866.7% in the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after purchasing an additional 116 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CSL. Oppenheimer increased their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Truist Financial increased their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Finally, Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $405.00.

Carlisle Companies Stock Down 4.1%

Shares of CSL opened at $342.09 on Thursday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a market capitalization of $13.84 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.12 and a beta of 0.86. The stock has a fifty day simple moving average of $347.64 and a two-hundred day simple moving average of $351.07. 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 issued its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $3.61 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a $1.10 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) 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.