Carlisle Companies Incorporated $CSL Position Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 46.8% during the 1st quarter, Holdings Channel reports. The fund owned 161,460 shares of the conglomerate’s stock after acquiring an additional 51,440 shares during the quarter. Renaissance Technologies LLC’s holdings in Carlisle Companies were worth $53,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. First Manhattan CO. LLC. bought a new position in shares of Carlisle Companies in the fourth quarter worth $140,256,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Carlisle Companies by 10,568.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock valued at $124,489,000 after purchasing an additional 385,550 shares in the last quarter. Generation Investment Management LLP bought a new stake in shares of Carlisle Companies during the fourth quarter valued at about $109,217,000. Norges Bank acquired a new stake in Carlisle Companies in the fourth quarter worth about $87,543,000. Finally, Bank of New York Mellon Corp lifted its holdings in Carlisle Companies by 26.8% in the first quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after purchasing an additional 251,614 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Truist Financial reduced their price target on shares of 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 increased their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. 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 note on Monday, July 20th. Finally, Raymond James Financial started coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $399.29.

Carlisle Companies Price Performance

NYSE:CSL opened at $337.04 on Monday. The business’s 50-day moving average price is $346.61 and its 200 day moving average price is $355.84. The firm has a market cap of $13.64 billion, a P/E ratio of 19.81, a PEG ratio of 1.06 and a beta of 0.85. 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.

Carlisle Companies (NYSE:CSL) last issued 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. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the business earned $3.61 earnings per share. Carlisle Companies’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 21.07 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

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

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.