Bryn Mawr Capital Management LLC Makes New Investment in Carlisle Companies Incorporated (NYSE:CSL)

Bryn Mawr Capital Management LLC bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 645 shares of the conglomerate's stock, valued at approximately $220,000.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in Carlisle Companies by 53.3% in the first quarter. Larson Financial Group LLC now owns 986 shares of the conglomerate's stock valued at $336,000 after purchasing an additional 343 shares during the last quarter. Sumitomo Life Insurance Co. lifted its position in Carlisle Companies by 325.1% in the first quarter. Sumitomo Life Insurance Co. now owns 21,300 shares of the conglomerate's stock valued at $7,253,000 after purchasing an additional 16,289 shares during the last quarter. BHK Investment Advisors LLC lifted its position in Carlisle Companies by 25.4% in the first quarter. BHK Investment Advisors LLC now owns 2,518 shares of the conglomerate's stock valued at $857,000 after purchasing an additional 510 shares during the last quarter. Marks Group Wealth Management Inc lifted its position in Carlisle Companies by 20.9% in the first quarter. Marks Group Wealth Management Inc now owns 25,348 shares of the conglomerate's stock valued at $8,631,000 after purchasing an additional 4,374 shares during the last quarter. Finally, CWM LLC lifted its position in Carlisle Companies by 9.5% in the first quarter. CWM LLC now owns 3,035 shares of the conglomerate's stock valued at $1,033,000 after purchasing an additional 263 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Trading Up 0.8%

Carlisle Companies stock traded up $3.13 during mid-day trading on Friday, reaching $410.10. 307,379 shares of the company traded hands, compared to its average volume of 456,038. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69. The firm's 50 day moving average price is $386.14 and its 200 day moving average price is $368.24. The firm has a market capitalization of $17.74 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.18 and a beta of 1.03. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.72 EPS. On average, analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $1.00 per share. The ex-dividend date was Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 0.98%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Wall Street Analyst Weigh In

Several analysts have weighed in on CSL shares. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Truist Financial lowered their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Finally, Robert W. Baird upped their target price on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $461.67.

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.