Channing Capital Management LLC Raises Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Channing Capital Management LLC increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,248 shares of the conglomerate's stock after purchasing an additional 3,062 shares during the period. Channing Capital Management LLC owned 0.06% of Carlisle Companies worth $10,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Carlisle Companies during the third quarter worth $25,000. True Wealth Design LLC lifted its position in Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after acquiring an additional 70 shares during the last quarter. Quarry LP lifted its position in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock valued at $60,000 after acquiring an additional 57 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock valued at $69,000 after buying an additional 67 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Carlisle Companies by 19.3% in the third quarter. Covestor Ltd now owns 198 shares of the conglomerate's stock valued at $89,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

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Carlisle Companies Price Performance

CSL traded up $9.52 on Friday, hitting $335.95. 356,318 shares of the company were exchanged, compared to its average volume of 426,917. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The business's fifty day moving average is $363.79 and its 200 day moving average is $407.17. Carlisle Companies Incorporated has a fifty-two week low of $321.93 and a fifty-two week high of $481.26. The firm has a market capitalization of $14.97 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter last year, the company earned $4.17 EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.19%. Carlisle Companies's payout ratio is currently 14.48%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Loop Capital reduced their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Oppenheimer reaffirmed an "outperform" rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price for the company. Finally, The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $476.00.

Insider Activity

In related news, VP Mehul Patel sold 150 shares of the company's stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now owns 815 shares of the company's stock, valued at approximately $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

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.