Bessemer Group Inc. Trims Holdings in Carlisle Companies Incorporated $CSL

Bessemer Group Inc. cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 8.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 602,852 shares of the conglomerate’s stock after selling 52,490 shares during the quarter. Bessemer Group Inc.’s holdings in Carlisle Companies were worth $192,828,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Torren Management LLC purchased a new stake in shares of Carlisle Companies in the 4th quarter worth about $33,000. Osterweis Capital Management Inc. bought a new position in Carlisle Companies in the 2nd quarter worth about $36,000. SBI Securities Co. Ltd. boosted its stake in Carlisle Companies by 43.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after purchasing an additional 34 shares in the last quarter. Root Financial Partners LLC bought a new position in Carlisle Companies in the 3rd quarter worth about $38,000. Finally, LRI Investments LLC bought a new position in Carlisle Companies in the 3rd quarter worth about $41,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

CSL opened at $348.05 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The stock has a market capitalization of $14.09 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.09 and a beta of 0.88. The company’s 50-day simple moving average is $348.56 and its two-hundred day simple moving average is $347.27. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business earned $3.61 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, analysts predict that Carlisle Companies Incorporated will post 21.13 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, May 18th. Carlisle Companies’s dividend payout ratio is 25.87%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CSL. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Robert W. Baird upped their price target on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Oppenheimer upped their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded shares of 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.