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

River Road Asset Management LLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 330,729 shares of the conglomerate’s stock after purchasing an additional 74,071 shares during the period. Carlisle Companies accounts for 1.2% of River Road Asset Management LLC’s holdings, making the stock its 28th biggest holding. River Road Asset Management LLC owned about 0.81% of Carlisle Companies worth $105,787,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new stake in Carlisle Companies during the fourth quarter worth $27,000. Torren Management LLC purchased a new position in shares of Carlisle Companies in the 4th quarter valued at $33,000. Osterweis Capital Management Inc. purchased a new position in shares of Carlisle Companies in the 2nd quarter valued at $36,000. Quarry LP purchased a new position in shares of Carlisle Companies in the 4th quarter valued at $36,000. Finally, Rothschild Investment LLC raised its position in shares of 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 in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL opened at $362.05 on Friday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The stock has a fifty day moving average price of $348.25 and a 200-day moving average price of $351.38. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The firm has a market cap of $14.65 billion, a PE ratio of 21.28, a P/E/G ratio of 1.08 and a beta of 0.86.

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

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CSL. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Robert W. Baird lifted their target price on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Carlisle Companies presently has a consensus 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.