Thompson Davis & CO. Inc. Boosts Stock Holdings in Carlisle Companies Incorporated $CSL

Thompson Davis & CO. Inc. grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 38.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,882 shares of the conglomerate’s stock after purchasing an additional 8,000 shares during the period. Carlisle Companies makes up approximately 5.9% of Thompson Davis & CO. Inc.’s holdings, making the stock its 2nd largest position. Thompson Davis & CO. Inc. owned approximately 0.07% of Carlisle Companies worth $9,501,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after buying an additional 358,241 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Carlisle Companies by 11.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after acquiring an additional 130,235 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Carlisle Companies by 113.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after purchasing an additional 558,710 shares during the last quarter. Bessemer Group Inc. boosted its stake in Carlisle Companies by 2.5% in the 3rd quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock worth $215,582,000 after purchasing an additional 15,834 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Carlisle Companies by 6.7% in the 2nd quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock worth $200,000,000 after purchasing an additional 33,552 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Up 0.8%

Shares of CSL stock opened at $404.16 on Friday. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The stock has a market cap of $16.89 billion, a P/E ratio of 23.62, a P/E/G ratio of 1.25 and a beta of 0.94. The company has a 50 day simple moving average of $341.37 and a two-hundred day simple moving average of $347.70.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.30. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.47 EPS. On average, research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies’s dividend payout ratio is currently 25.72%.

Wall Street Analysts Forecast Growth

CSL has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Robert W. Baird set a $420.00 target price on Carlisle Companies in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, Oppenheimer lowered their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $392.50.

Carlisle Companies 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.