Sands Capital Management LLC Increases Stake in Carlisle Companies Incorporated $CSL

Sands Capital Management LLC grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 967,640 shares of the conglomerate’s stock after acquiring an additional 118,139 shares during the quarter. Carlisle Companies comprises about 0.9% of Sands Capital Management LLC’s portfolio, making the stock its 27th largest position. Sands Capital Management LLC’s holdings in Carlisle Companies were worth $309,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CSL. BOK Financial Private Wealth Inc. purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at $27,000. Torren Management LLC purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at $33,000. Osterweis Capital Management Inc. purchased a new stake in shares of Carlisle Companies in the second quarter valued at $36,000. Quarry LP purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at $36,000. Finally, Rothschild Investment LLC raised its stake in shares of Carlisle Companies by 3,866.7% in the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 0.0%

CSL stock opened at $343.93 on Monday. The company has a market capitalization of $13.92 billion, a PE ratio of 20.22, a P/E/G ratio of 1.08 and a beta of 0.86. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The firm’s 50-day moving average is $346.47 and its 200 day moving average is $350.35. 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) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSL. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. JPMorgan Chase & Co. increased their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Robert W. Baird increased their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Oppenheimer increased their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Company 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.