Here’s Why Carlisle Companies Incorporated (CSL) Advanced in Q4

TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy underperformed the Russell Midcap Growth Index and returned 13.66% (gross) and 13.44% (net) while the index return was -14.55%. In addition, please check the fund’s top five holdings to know its best picks in 2023.

TimesSquare Capital U.S. Mid Cap Growth Strategy featured stocks like Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter 2023 investor letter. Headquartered in Scottsdale, Arizona, Carlisle Companies Incorporated (NYSE:CSL) manufactures and supplies building envelope products and solutions. On March 28, 2024, Carlisle Companies Incorporated (NYSE:CSL) stock closed at $391.85 per share. One-month return of Carlisle Companies Incorporated (NYSE:CSL) was 11.96%, and its shares gained 74.14% of their value over the last 52 weeks. Carlisle Companies Incorporated (NYSE:CSL) has a market capitalization of $18.732 billion.

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Carlisle Companies Incorporated (NYSE:CSL) in its fourth quarter 2023 investor letter:

“In the Industrials sector we gravitate toward business service companies, those focused on automation & efficiency improvements, and essential infrastructure services. Carlisle Companies Incorporated (NYSE:CSL), a manufacturer of engineered products including roofing materials, rose 21%. While third quarter sales declined somewhat, operating margins improved. Management believes the destocking activity which persisted through the past few quarters is complete.”

A construction site with workers wearing hard hats and safety vests, installing roofing materials.

Carlisle Companies Incorporated (NYSE:CSL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, Carlisle Companies Incorporated (NYSE:CSL) was held by 35 hedge fund portfolios, compared to 37 in the previous quarter, according to our database.

We discussed Carlisle Companies Incorporated (NYSE:CSL) in another article and shared Generation Investment Global Equity Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.