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

by · The Markets Daily

Vaughan Nelson Investment Management L.P. boosted its position in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 20.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,117 shares of the conglomerate’s stock after acquiring an additional 49,557 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.71% of Carlisle Companies worth $96,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds 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. Torren Management LLC purchased a new position in Carlisle Companies during the fourth quarter worth about $33,000. Osterweis Capital Management Inc. purchased a new position in Carlisle Companies during the second quarter worth about $36,000. Quarry LP bought a new position in Carlisle Companies in the 4th quarter worth about $36,000. Finally, Rothschild Investment LLC increased its stake in Carlisle Companies by 3,866.7% in the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after acquiring an additional 116 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Robert W. Baird upped their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Truist Financial increased their price target on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $405.00.

Get Our Latest Report on Carlisle Companies

Carlisle Companies Stock Up 0.3%

Shares of NYSE CSL opened at $362.05 on Monday. The stock has a market capitalization of $14.65 billion, a P/E ratio of 21.28, a PEG ratio of 1.14 and a beta of 0.86. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The firm’s 50 day simple moving average is $348.61 and its two-hundred day simple moving average is $351.69. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58.

Carlisle Companies (NYSE:CSL – Get Free Report) last announced 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 company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the company earned $3.61 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. As a group, analysts expect that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid 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 payout ratio is currently 25.87%.

Carlisle Companies Profile

(Free Report)

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.

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