Epoch Investment Partners Inc. Boosts Stake in Carlisle Companies Incorporated $CSL

Epoch Investment Partners Inc. boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,564 shares of the conglomerate’s stock after acquiring an additional 6,139 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Carlisle Companies were worth $43,892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. bought a new stake in shares of Carlisle Companies during the 4th quarter valued at about $27,000. Osterweis Capital Management Inc. bought a new position in shares of Carlisle Companies in the second quarter worth approximately $36,000. Signature Equity Partners LLC raised its stake in Carlisle Companies by 3,133.3% in the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 94 shares in the last quarter. Torren Management LLC purchased a new stake in Carlisle Companies in the fourth quarter valued at approximately $33,000. Finally, Quarry LP bought a new position in shares of Carlisle Companies in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CSL. Robert W. Baird lowered their price objective on shares of Carlisle Companies from $425.00 to $405.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Oppenheimer increased their target price on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Truist Financial lowered their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Finally, Raymond James Financial began coverage on Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Five investment 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 stock currently has an average rating of “Hold” and a consensus target price of $399.29.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $337.04 on Friday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.06 and a beta of 0.85. The company has a fifty day moving average of $346.61 and a 200-day moving average of $355.68. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.61 EPS. Equities research analysts expect that Carlisle Companies Incorporated will post 21.07 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio is presently 25.87%.

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.