Heartland Advisors Inc. Buys 7,355 Shares of Carlisle Companies Incorporated $CSL

Heartland Advisors Inc. boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 88.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,644 shares of the conglomerate’s stock after purchasing an additional 7,355 shares during the period. Heartland Advisors Inc.’s holdings in Carlisle Companies were worth $5,219,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CSL. Vaughan Nelson Investment Management L.P. purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $76,626,000. SG Americas Securities LLC raised its stake in Carlisle Companies by 744.0% during the 4th quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock worth $29,162,000 after acquiring an additional 80,368 shares during the period. Waycross Partners LLC lifted its holdings in Carlisle Companies by 35.4% during the fourth quarter. Waycross Partners LLC now owns 54,465 shares of the conglomerate’s stock valued at $17,421,000 after purchasing an additional 14,228 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Carlisle Companies during the fourth quarter valued at approximately $8,582,000. Finally, Marshall Financial Group LLC bought a new position in shares of Carlisle Companies in the fourth quarter worth approximately $730,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 0.1%

CSL stock opened at $345.03 on Monday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.09 and a beta of 0.85. The business has a 50 day simple moving average of $348.34 and a two-hundred day simple moving average of $355.69.

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

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were given a dividend of $1.10 per share. The ex-dividend date 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 is currently 25.87%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Truist Financial lowered their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Oppenheimer upped their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Robert W. Baird increased their price target on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and an average price target of $402.14.

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.