Sands Capital Management LLC Purchases 118,139 Shares of Carlisle Companies Incorporated $CSL

Sands Capital Management LLC grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 967,640 shares of the conglomerate’s stock after purchasing an additional 118,139 shares during the quarter. Carlisle Companies makes up about 0.9% of Sands Capital Management LLC’s investment portfolio, making the stock its 27th largest holding. Sands Capital Management LLC owned approximately 2.32% of Carlisle Companies worth $309,509,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Citigroup Inc. boosted its position in shares of Carlisle Companies by 51.8% in the third quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after purchasing an additional 9,673 shares during the period. M&G PLC bought a new position in shares of Carlisle Companies during the third quarter worth $11,913,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Carlisle Companies during the fourth quarter worth $76,626,000. SG Americas Securities LLC boosted its position in shares of Carlisle Companies by 744.0% during the fourth quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock worth $29,162,000 after acquiring an additional 80,368 shares during the last quarter. Finally, Waycross Partners LLC boosted its position in shares of Carlisle Companies by 35.4% during the fourth quarter. Waycross Partners LLC now owns 54,465 shares of the conglomerate’s stock worth $17,421,000 after acquiring an additional 14,228 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

CSL stock opened at $343.93 on Monday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The company has a fifty day simple moving average of $346.47 and a two-hundred day simple moving average of $350.35. The firm has a market capitalization of $13.92 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $3.61 earnings per share. Carlisle Companies’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Wall Street Analyst Weigh In

CSL has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. upped their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Robert W. Baird upped their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.