Carlisle Companies Incorporated $CSL Stock Holdings Boosted by VELA Investment Management LLC

VELA Investment Management LLC raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 9.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 22,942 shares of the conglomerate’s stock after acquiring an additional 1,936 shares during the quarter. Carlisle Companies comprises 1.8% of VELA Investment Management LLC’s holdings, making the stock its 9th biggest holding. VELA Investment Management LLC’s holdings in Carlisle Companies were worth $8,322,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new position in shares of Carlisle Companies during the 4th quarter valued at $27,000. Signature Equity Partners LLC grew its stake in shares of Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 94 shares during the period. Allied Private Wealth LLC purchased a new stake in Carlisle Companies in the 2nd quarter worth about $33,000. Jones Financial Companies Lllp purchased a new stake in Carlisle Companies in the 2nd quarter worth about $33,000. Finally, Osterweis Capital Management Inc. bought a new stake in Carlisle Companies in the 2nd quarter valued at about $35,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CSL shares. Weiss Ratings upgraded shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. DA Davidson initiated coverage on shares of Carlisle Companies in a research report on Monday, August 24th. They issued a “neutral” rating and a $410.00 price target on the stock. Truist Financial dropped their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Finally, Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a report on Thursday, July 30th. Five 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.com, the company currently has a consensus rating of “Hold” and an average target price of $402.43.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $352.98 on Monday. The company has a 50 day moving average of $356.31 and a 200 day moving average of $354.95. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The stock has a market cap of $14.02 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.10 and a beta of 0.84. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company posted $6.27 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, August 19th. Carlisle Companies’s dividend payout ratio (DPR) is 28.69%.

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.