Kennedy Capital Management LLC Lowers Stock Position in Carlisle Companies Incorporated $CSL

Kennedy Capital Management LLC lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 43.9% during the 4th quarter, Holdings Channel reports. The firm owned 19,626 shares of the conglomerate’s stock after selling 15,361 shares during the period. Kennedy Capital Management LLC’s holdings in Carlisle Companies were worth $6,278,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CSL. Barclays PLC lifted its position in shares of Carlisle Companies by 947.3% during the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after purchasing an additional 451,662 shares in the last quarter. Sands Capital Management LLC lifted its position in shares of Carlisle Companies by 99.2% during the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after purchasing an additional 423,141 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Carlisle Companies by 10,568.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock worth $124,489,000 after purchasing an additional 385,550 shares in the last quarter. Generation Investment Management LLP acquired a new stake in shares of Carlisle Companies during the fourth quarter worth about $109,217,000. Finally, Norges Bank acquired a new stake in shares of Carlisle Companies during the fourth quarter worth about $87,543,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CSL shares. Robert W. Baird increased their price target on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Oppenheimer increased their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Finally, Raymond James Financial started coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Stock Up 2.9%

Shares of NYSE:CSL opened at $353.84 on Tuesday. The firm’s 50 day moving average price is $346.92 and its 200 day moving average price is $350.61. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. 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 for the quarter, beating the consensus estimate of $3.31 by $0.32. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.61 earnings per share. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $1.10 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Carlisle Companies 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.