15 Small-Cap Manufacturing Stocks Hedge Funds Are Buying

6. Carlisle Companies Inc. (NYSE:CSL)

Market Capitalization as of April 25: $16.22 billion

Number of Hedge Fund Holders: 42

Carlisle Companies Inc. (NYSE:CSL) manufactures and supplies building envelope products and solutions. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies. The company produces single-ply roofing products and warranted roof systems & accessories. It also offers building envelope solutions.

In Q1 2025, the company’s CCM (Carlisle Construction Materials) segment reported revenues of $799 million, which was up 2% year-over-year. This was supported by the acquisition of MTL and strong reroofing activity, which helped offset a 1% decline in organic revenue. The MTL acquisition boosted Carlisle’s CCM revenue through expanded product offerings in architectural metals and the realization of substantial cost synergies. The reroofing demand makes up 70% of CCM’s commercial business.

Carlisle Companies Inc. (NYSE:CSL) anticipates mid-single-digit revenue growth for the CCM segment for 2025. While Q2 2025 for CCM will reflect a negative impact from accelerated purchases in Q1 ahead of anticipated tariff-related price increases, the underlying strength will eventually provide a stable and recurring revenue stream years to come.

Madison Mid Cap Fund stated the following regarding Carlisle Companies Incorporated (NYSE:CSL) in its Q1 2025 investor letter:

“We added to two stocks during the quarter. Carlisle Companies Incorporated (NYSE:CSL) shares were weak given concerns over residential and non-residential real estate demand given interest rates and economic uncertainty. However, valuation looks compelling given the solid long-term outlook for demand and earnings.”