VELA Investment Management LLC Has $8.32 Million Holdings in Carlisle Companies Incorporated $CSL

VELA Investment Management LLC lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 9.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,942 shares of the conglomerate’s stock after purchasing an additional 1,936 shares during the quarter. Carlisle Companies comprises 1.8% of VELA Investment Management LLC’s investment portfolio, making the stock its 9th biggest holding. VELA Investment Management LLC owned about 0.06% of Carlisle Companies worth $8,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Carlisle Companies during the second quarter valued at approximately $1,499,602,000. Bank of New York Mellon Corp bought a new position in shares of Carlisle Companies in the 2nd quarter worth $405,245,000. First Manhattan CO. LLC. bought a new position in shares of Carlisle Companies in the 4th quarter worth $140,256,000. Madison Asset Management LLC bought a new position in shares of Carlisle Companies in the 2nd quarter worth $152,865,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Carlisle Companies by 10,568.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock valued at $124,489,000 after purchasing an additional 385,550 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $352.98 on Monday. The company has a market capitalization of $14.02 billion, a PE ratio of 20.25, a PEG ratio of 1.10 and a beta of 0.84. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The stock’s 50 day moving average price is $356.31 and its 200-day moving average price is $354.95. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.Carlisle Companies’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $6.27 earnings per share. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 21.27 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is 28.69%.

Analysts Set New Price Targets

CSL has been the topic of a number of recent research reports. DA Davidson assumed coverage on shares of Carlisle Companies in a research note on Monday, August 24th. They issued a “neutral” rating and a $410.00 price objective on the stock. Weiss Ratings raised shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Truist Financial lowered their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Finally, Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $402.43.

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.