Kinsale Capital Group Inc. Raises Holdings in Carlisle Companies Incorporated $CSL

Kinsale Capital Group Inc. grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,030 shares of the conglomerate’s stock after purchasing an additional 1,669 shares during the period. Kinsale Capital Group Inc.’s holdings in Carlisle Companies were worth $4,944,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CSL. JPMorgan Chase & Co. lifted its position in shares of Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after purchasing an additional 358,241 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings 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 acquiring an additional 130,235 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after purchasing an additional 558,710 shares during the period. Bessemer Group Inc. raised its stake in Carlisle Companies by 2.5% during the third quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock worth $215,582,000 after acquiring an additional 15,834 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Carlisle Companies by 6.7% during the second quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock valued at $200,000,000 after purchasing an additional 33,552 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CSL shares. Oppenheimer reduced their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Truist Financial lowered their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. The Goldman Sachs Group dropped their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, William Blair initiated coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $392.50.

Carlisle Companies Stock Up 0.8%

Carlisle Companies stock opened at $404.16 on Friday. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.26 and a beta of 0.94. The company’s 50 day simple moving average is $341.37 and its 200 day simple moving average is $347.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.30. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $4.47 EPS. Carlisle Companies’s revenue for the quarter was up .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.72%.

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.