Channing Capital Management LLC Has $10.97 Million Stock Position in Carlisle Companies Incorporated $CSL

Channing Capital Management LLC lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 12.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,340 shares of the conglomerate’s stock after acquiring an additional 3,790 shares during the period. Channing Capital Management LLC owned approximately 0.08% of Carlisle Companies worth $10,968,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CSL. Goldman Sachs Group Inc. grew its position in shares of Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after purchasing an additional 28,414 shares in the last quarter. Ethic Inc. raised its position in shares of Carlisle Companies by 3.0% in the second quarter. Ethic Inc. now owns 4,473 shares of the conglomerate’s stock valued at $1,674,000 after buying an additional 132 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Carlisle Companies by 132.4% in the second quarter. First Citizens Bank & Trust Co. now owns 2,924 shares of the conglomerate’s stock valued at $1,092,000 after buying an additional 1,666 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Carlisle Companies by 527.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after buying an additional 58 shares in the last quarter. Finally, West Michigan Advisors LLC increased its stake in Carlisle Companies by 20.5% during the 2nd quarter. West Michigan Advisors LLC now owns 898 shares of the conglomerate’s stock worth $335,000 after acquiring an additional 153 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Up 0.3%

Shares of NYSE CSL opened at $408.77 on Friday. The company has a current ratio of 3.09, a quick ratio of 2.62 and a debt-to-equity ratio of 1.60. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.30 and a beta of 0.94. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The stock has a 50-day moving average price of $358.54 and a two-hundred day moving average price of $348.06.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.30. The company had revenue of $1.13 billion for 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 41.58%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.47 EPS. As a group, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Insider Transactions at Carlisle Companies

In related news, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the sale, the chief executive officer owned 113,238 shares of the company’s stock, valued at $46,810,324.44. This trade represents a 24.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total value of $9,866,407.20. Following the sale, the chief financial officer owned 30,094 shares in the company, valued at $12,279,555.76. This represents a 44.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,289 shares of company stock valued at $28,125,467 over the last quarter. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird set a $420.00 target price on Carlisle Companies in a research report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Truist Financial decreased their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Finally, William Blair began coverage on shares of Carlisle Companies in a research report on Friday, January 30th. They issued a “market perform” rating for the company. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $392.50.

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.