Twinbeech Capital LP Buys 57,043 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Twinbeech Capital LP lifted its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 311.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,349 shares of the conglomerate's stock after acquiring an additional 57,043 shares during the quarter. Twinbeech Capital LP owned 0.17% of Carlisle Companies worth $27,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of Carlisle Companies by 31.3% in the third quarter. Barclays PLC now owns 60,920 shares of the conglomerate's stock worth $27,399,000 after buying an additional 14,526 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of Carlisle Companies in the fourth quarter worth approximately $255,000. Ritholtz Wealth Management boosted its holdings in shares of Carlisle Companies by 12.9% in the fourth quarter. Ritholtz Wealth Management now owns 1,303 shares of the conglomerate's stock worth $481,000 after buying an additional 149 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of Carlisle Companies by 27.6% in the fourth quarter. Merit Financial Group LLC now owns 1,717 shares of the conglomerate's stock worth $633,000 after buying an additional 371 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new position in shares of Carlisle Companies in the fourth quarter worth approximately $364,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

NYSE:CSL traded down $2.17 during trading hours on Friday, hitting $387.31. 242,402 shares of the stock traded hands, compared to its average volume of 393,630. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The company has a market cap of $16.75 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. The stock has a 50 day moving average price of $363.80 and a 200 day moving average price of $380.16.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $3.72 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Truist Financial dropped their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Finally, Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $454.00.

Carlisle Companies Profile

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.