Waycross Partners LLC Has $18.75 Million Holdings in Carlisle Companies Incorporated $CSL

Waycross Partners LLC increased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,206 shares of the conglomerate’s stock after purchasing an additional 1,741 shares during the quarter. Carlisle Companies makes up 1.8% of Waycross Partners LLC’s investment portfolio, making the stock its 24th biggest holding. Waycross Partners LLC’s holdings in Carlisle Companies were worth $18,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. grew its position in shares of Carlisle Companies by 36.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after buying an additional 28,414 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Carlisle Companies by 8.4% in the second quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after acquiring an additional 197 shares during the period. Jump Financial LLC bought a new stake in Carlisle Companies in the second quarter valued at approximately $1,345,000. Bank of Nova Scotia increased its position in Carlisle Companies by 118.6% during the 2nd quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock valued at $615,000 after purchasing an additional 893 shares during the period. Finally, Sei Investments Co. raised its holdings in Carlisle Companies by 40.0% during the 2nd quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock worth $43,088,000 after purchasing an additional 32,996 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Oppenheimer boosted their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Raymond James Financial assumed coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Finally, Robert W. Baird boosted their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $402.14.

Carlisle Companies Price Performance

CSL stock opened at $345.03 on Monday. The stock has a market capitalization of $13.96 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.09 and a beta of 0.85. The company’s 50-day moving average is $348.34 and its 200-day moving average is $355.69. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business posted $3.61 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts expect that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

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.