Empowered Funds LLC Has $4.69 Million Stock Position in Carlisle Companies Incorporated $CSL

Empowered Funds LLC lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 62.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,546 shares of the conglomerate’s stock after selling 21,225 shares during the quarter. Empowered Funds LLC’s holdings in Carlisle Companies were worth $4,685,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CSL. Allspring Global Investments Holdings LLC raised its holdings in Carlisle Companies by 11.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after purchasing an additional 130,235 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Carlisle Companies by 26.7% during the second quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after buying an additional 134,718 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Carlisle Companies by 11.3% during the first quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock worth $170,017,000 after buying an additional 50,578 shares during the last quarter. Northern Trust Corp lifted its holdings in Carlisle Companies by 1.4% in the first quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock valued at $168,737,000 after buying an additional 6,948 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Carlisle Companies by 27.0% in the second quarter. Bank of New York Mellon Corp now owns 490,329 shares of the conglomerate’s stock valued at $183,089,000 after acquiring an additional 104,108 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

NYSE CSL opened at $309.70 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $472.66. The business has a 50 day simple moving average of $326.22 and a 200 day simple moving average of $366.06. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, beating the consensus estimate of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company earned $5.78 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.96%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CSL shares. Truist Financial dropped their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Vertical Research assumed coverage on Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group lowered their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $386.67.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.