River Road Asset Management LLC Grows Position in Carlisle Companies Incorporated $CSL

River Road Asset Management LLC raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 28.9% during the fourth quarter, HoldingsChannel reports. The firm owned 330,729 shares of the conglomerate’s stock after purchasing an additional 74,071 shares during the quarter. Carlisle Companies makes up about 1.2% of River Road Asset Management LLC’s investment portfolio, making the stock its 28th largest position. River Road Asset Management LLC’s holdings in Carlisle Companies were worth $105,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSL. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies during the fourth quarter worth $27,000. Torren Management LLC acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $33,000. Osterweis Capital Management Inc. acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at $36,000. Quarry LP purchased a new position in Carlisle Companies in the 4th quarter worth $36,000. Finally, Rothschild Investment LLC raised its stake in Carlisle Companies by 3,866.7% in the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after acquiring an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 5.8%

NYSE CSL opened at $362.05 on Friday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The company has a market capitalization of $14.65 billion, a PE ratio of 21.28, a P/E/G ratio of 1.08 and a beta of 0.86. The company has a fifty day moving average of $348.25 and a 200 day moving average of $351.38.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share 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 return on equity of 43.78% and a net margin of 14.57%.The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $3.61 EPS. Research analysts forecast that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a $1.10 dividend. The ex-dividend date was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio is presently 25.87%.

Wall Street Analysts Forecast Growth

CSL has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Oppenheimer increased their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. JPMorgan Chase & Co. lifted 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. Finally, Truist Financial upped their target price on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.