Brandywine Global Investment Management LLC Has $22.98 Million Holdings in Carlisle Companies Incorporated $CSL

Key Points

• Brandywine Global Investment Management LLC increased its stake in Carlisle Companies by 22.4% during the first quarter, now owning approximately 0.16% of the company valued at $22.98 million.
• Recent analyst reports show a mixed perspective on Carlisle Companies, with price targets ranging from $390.00 to $500.00 and a consensus rating of "Moderate Buy."
• Carlisle Companies declared an increased quarterly dividend of $1.10 per share, up from $1.00, yielding 1.2% based on its recent stock price.

Brandywine Global Investment Management LLC raised its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 22.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,489 shares of the conglomerate's stock after acquiring an additional 12,330 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.16% of Carlisle Companies worth $22,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC boosted its stake in shares of Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after purchasing an additional 29 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in Carlisle Companies by 2.1% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock worth $506,000 after acquiring an additional 31 shares during the last quarter. Net Worth Advisory Group boosted its stake in Carlisle Companies by 2.8% during the 1st quarter. Net Worth Advisory Group now owns 1,517 shares of the conglomerate's stock worth $517,000 after acquiring an additional 41 shares during the last quarter. Allworth Financial LP boosted its stake in Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after acquiring an additional 42 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Carlisle Companies by 0.9% during the 1st quarter. State of Alaska Department of Revenue now owns 5,199 shares of the conglomerate's stock worth $1,770,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Down 0.5%

Shares of NYSE CSL traded down $2.1140 during midday trading on Wednesday, reaching $384.8060. The company's stock had a trading volume of 156,899 shares, compared to its average volume of 462,463. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.19 and a beta of 1.05. The stock has a 50 day simple moving average of $386.43 and a 200-day simple moving average of $368.93.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $6.24 earnings per share. Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date is Tuesday, August 19th. Carlisle Companies's dividend payout ratio is 24.58%.

Wall Street Analysts Forecast Growth

CSL has been the topic of several recent analyst reports. Robert W. Baird lifted their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Truist Financial reduced their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target on the stock. Finally, Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average price target of $450.83.

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.