MTM Investment Management LLC Acquires Shares of 515 Carlisle Companies Incorporated $CSL

MTM Investment Management LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 515 shares of the conglomerate’s stock, valued at approximately $192,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Carlisle Companies by 755.3% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock valued at $91,000 after buying an additional 214,226 shares in the last quarter. Pacer Advisors Inc. lifted its position in Carlisle Companies by 1,611.7% during the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock worth $73,202,000 after purchasing an additional 202,425 shares during the period. Nuveen LLC acquired a new stake in Carlisle Companies during the first quarter worth about $62,485,000. Bessemer Group Inc. increased its holdings in Carlisle Companies by 26.7% in the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock valued at $238,791,000 after buying an additional 134,718 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Carlisle Companies by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after buying an additional 130,235 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Vertical Research began coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carlisle Companies in a research note on Thursday, October 30th. Finally, Oppenheimer cut their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Stock Down 2.8%

CSL stock opened at $307.17 on Friday. The stock’s 50 day simple moving average is $334.20 and its 200 day simple moving average is $368.77. The company has a market cap of $12.84 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. Carlisle Companies Incorporated has a fifty-two week low of $305.37 and a fifty-two week high of $472.66.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm earned $5.78 earnings per share. Carlisle Companies’s quarterly revenue was up 1.0% on a year-over-year basis. Carlisle Companies has set its FY 2025 guidance at EPS. On average, research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.96%.

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.