Intech Investment Management LLC Has $9.63 Million Holdings in Carlisle Companies Incorporated $CSL

Intech Investment Management LLC lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 25.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,115 shares of the conglomerate’s stock after selling 10,232 shares during the quarter. Intech Investment Management LLC owned 0.07% of Carlisle Companies worth $9,633,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in Carlisle Companies by 2.6% during the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after purchasing an additional 27,049 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Carlisle Companies by 113.9% during the 3rd 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 in the last quarter. Sands Capital Management LLC increased its holdings in Carlisle Companies by 99.2% during the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after purchasing an additional 423,141 shares in the last quarter. Bessemer Group Inc. increased its holdings in Carlisle Companies by 2.5% during the 3rd quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock worth $215,582,000 after purchasing an additional 15,834 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in Carlisle Companies by 20.4% during the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after purchasing an additional 109,410 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $344.99 on Friday. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.08 and a beta of 0.88. The business has a 50-day moving average of $344.83 and a 200-day moving average of $347.77. 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 Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company posted $3.61 earnings per share. Carlisle Companies’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a dividend of $1.10 per share. The ex-dividend date is Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CSL. Raymond James Financial began coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. JPMorgan Chase & Co. increased their target price on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Robert W. Baird increased their target price on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.