Vaughan Nelson Investment Management L.P. Buys 49,557 Shares of Carlisle Companies Incorporated $CSL

Vaughan Nelson Investment Management L.P. boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 20.7% during the first quarter, Holdings Channel.com reports. The firm owned 289,117 shares of the conglomerate’s stock after buying an additional 49,557 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Carlisle Companies were worth $96,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSL. State Street Corp boosted its stake in shares of Carlisle Companies by 6.9% during the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock valued at $668,616,000 after purchasing an additional 134,241 shares during the period. Invesco Ltd. grew its holdings in shares of Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after purchasing an additional 27,049 shares during the last quarter. Sands Capital Management LLC increased its stake in shares of Carlisle Companies by 13.9% in the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock worth $309,509,000 after buying an additional 118,139 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Carlisle Companies by 20.4% in the fourth quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after buying an additional 109,410 shares during the period. Finally, Barclays PLC raised its holdings in Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after buying an additional 451,662 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $362.05 on Monday. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.14 and a beta of 0.86. The stock has a fifty day moving average of $348.61 and a 200 day moving average of $351.69. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 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 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. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm earned $3.61 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, research analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.2%. Carlisle Companies’s payout ratio is currently 25.87%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CSL. 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 for the company. JPMorgan Chase & Co. boosted their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Oppenheimer upped their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Robert W. Baird increased their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report 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 analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $405.00.

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.