Tributary Capital Management LLC Raises Holdings in Carlisle Companies Incorporated $CSL

Tributary Capital Management LLC increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 64.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,926 shares of the conglomerate’s stock after acquiring an additional 2,312 shares during the quarter. Tributary Capital Management LLC’s holdings in Carlisle Companies were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC bought a new position in shares of Carlisle Companies in the second quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at $25,000. GFG Capital LLC bought a new stake in Carlisle Companies in the 2nd quarter worth $25,000. Hemington Wealth Management increased its position in shares of Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 26 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Carlisle Companies by 527.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 58 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CSL. JPMorgan Chase & Co. cut their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Oppenheimer dropped their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. The Goldman Sachs Group reduced their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Robert W. Baird decreased their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a report on Monday, October 13th. Finally, Vertical Research assumed coverage on shares of Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $386.67.

Carlisle Companies Trading Down 2.8%

CSL opened at $326.65 on Thursday. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The stock has a market cap of $13.65 billion, a PE ratio of 18.53, a PEG ratio of 1.04 and a beta of 0.95. The business has a 50 day moving average of $321.95 and a 200-day moving average of $352.83.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company earned $5.78 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s payout ratio is presently 24.96%.

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.