Should You Invest in Carlisle Companies Incorporated (CSL)?

Madison Funds, managed by Madison Investment Management, released its “Madison Mid Cap Fund” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund increased by 9.6% compared to a 9.2% increase in the Russell Midcap Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Madison Funds highlighted stocks like Carlisle Companies Incorporated (NYSE:CSL) in its Q4 2022 investor letter. Headquartered in Scottsdale, Arizona, Carlisle Companies Incorporated (NYSE:CSL) manufactures engineered products. On January 13, 2023, Carlisle Companies Incorporated (NYSE:CSL) stock closed at $239.43 per share. One-month return of Carlisle Companies Incorporated (NYSE:CSL) was 0.18%, and its shares gained 1.05% of their value over the last 52 weeks. Carlisle Companies Incorporated (NYSE:CSL) has a market capitalization of $12.382 billion.

Madison Funds made the following comment about Carlisle Companies Incorporated (NYSE:CSL) in its fourth-quarter 2022 investor letter:

“The bottom five detractors for the quarter were Carlisle Companies Incorporated (NYSE:CSL), Brown & Brown, Brookfield, CarMax, and Armstrong World Industries. Following robust outperformance during the first three quarters of the year, Carlisle shares took a step back this quarter as investors worried about commercial roofing demand in a potentially slowing economy.”

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Carlisle Companies Incorporated (NYSE:CSL) is not on our 30 Most Popular Stocks Among Hedge Funds list. As per our database, 41 hedge fund portfolios held Carlisle Companies Incorporated (NYSE:CSL) at the end of the third quarter, which was 31 in the previous quarter.

We discussed Carlisle Companies Incorporated (NYSE:CSL) in another article and shared TimesSquare Capital’s views on the company. In addition, please check out our hedge fund investor letters Q4 2022 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.