Cape ANN Savings Bank Buys Shares of 1,490 Carlisle Companies Incorporated $CSL

Key Points

• Cape ANN Savings Bank has acquired 1,490 shares of Carlisle Companies Incorporated, valued at approximately $507,000, as part of its expanding investment in the company.
• Carlisle Companies reported earnings of $6.27 per share for the latest quarter, missing estimates, and experienced a year-over-year revenue decline of 0.1%.
• The company announced a dividend increase to $1.10 per share, reflecting a positive change from its previous dividend, with a current annualized yield of 1.1%.

Cape ANN Savings Bank acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,490 shares of the conglomerate's stock, valued at approximately $507,000.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Carlisle Companies by 12.1% during the 4th quarter. NewEdge Advisors LLC now owns 909 shares of the conglomerate's stock worth $335,000 after purchasing an additional 98 shares during the last quarter. Quarry LP lifted its position in Carlisle Companies by 39.8% during the 4th quarter. Quarry LP now owns 186 shares of the conglomerate's stock valued at $69,000 after purchasing an additional 53 shares during the period. Tudor Investment Corp ET AL lifted its position in Carlisle Companies by 2,403.2% during the 4th quarter. Tudor Investment Corp ET AL now owns 11,516 shares of the conglomerate's stock valued at $4,248,000 after purchasing an additional 12,016 shares during the period. Northern Trust Corp lifted its position in Carlisle Companies by 20.7% during the 4th quarter. Northern Trust Corp now owns 488,608 shares of the conglomerate's stock valued at $180,218,000 after purchasing an additional 83,652 shares during the period. Finally, Lido Advisors LLC acquired a new position in Carlisle Companies during the 4th quarter valued at about $237,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Down 2.0%

Shares of CSL traded down $7.91 during mid-day trading on Tuesday, hitting $377.99. 96,957 shares of the company's stock were exchanged, compared to its average volume of 453,627. The company has a market cap of $16.16 billion, a PE ratio of 21.12, a P/E/G ratio of 1.24 and a beta of 1.05. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a 50-day simple moving average of $391.71 and a 200 day simple moving average of $370.89. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $6.24 EPS. The company's revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.40 annualized dividend and a yield of 1.2%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's payout ratio is 24.58%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CSL. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price on the stock. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, 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. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Carlisle Companies currently has an average rating of "Moderate Buy" and a consensus target price of $450.83.

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.