Wedge Capital Management L L P NC Has $13.54 Million Stock Position in Carlisle Companies Incorporated $CSL

Wedge Capital Management L L P NC lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 22.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,311 shares of the conglomerate’s stock after selling 10,913 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.09% of Carlisle Companies worth $13,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. purchased a new stake in shares of Carlisle Companies in the 4th quarter valued at approximately $27,000. Osterweis Capital Management Inc. purchased a new position in Carlisle Companies during the 2nd quarter worth approximately $36,000. Signature Equity Partners LLC raised its stake in Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 94 shares during the period. Allied Private Wealth LLC acquired a new stake in Carlisle Companies during the 2nd quarter valued at $33,000. Finally, Torren Management LLC purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Raymond James Financial began coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price for the company. Robert W. Baird set a $412.00 price objective on Carlisle Companies in a research note on Thursday, July 30th. Truist Financial reduced their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Oppenheimer lifted 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Moderate Buy” and an average target price of $401.17.

Carlisle Companies Trading Down 1.8%

Shares of NYSE:CSL opened at $382.85 on Thursday. The firm has a fifty day moving average of $355.23 and a two-hundred day moving average of $357.45. The firm has a market capitalization of $15.20 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.85. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $6.27 earnings per share. Carlisle Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts expect that Carlisle Companies Incorporated will post 21.21 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is currently 25.24%.

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.