Evergreen Capital Management LLC Buys Shares of 808 Carlisle Companies Incorporated $CSL

Key Points

• Evergreen Capital Management LLC acquired 808 shares of Carlisle Companies, valued at approximately $275,000, during Q1 as reported in their 13F filing.
• Carlisle Companies recently announced a quarterly dividend increase from $1.00 to $1.10 per share, reflecting an annualized yield of 1.2%.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with a price target averaging $450.83, despite recent earnings missing consensus estimates.

Evergreen Capital Management LLC purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 808 shares of the conglomerate's stock, valued at approximately $275,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in shares of Carlisle Companies by 4.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock valued at $394,244,000 after purchasing an additional 49,102 shares during the period. Madison Asset Management LLC raised its stake in shares of Carlisle Companies by 28.2% during the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock worth $175,403,000 after purchasing an additional 113,312 shares in the last quarter. GAMMA Investing LLC raised its stake in Carlisle Companies by 38,164.5% in the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after acquiring an additional 505,680 shares during the period. Bessemer Group Inc. raised its stake in Carlisle Companies by 8.4% in the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock valued at $171,880,000 after acquiring an additional 39,329 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Carlisle Companies by 11.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate's stock valued at $170,017,000 after buying an additional 50,578 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. began coverage on Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $450.83.

Carlisle Companies Trading Down 2.8%

CSL stock traded down $10.86 during mid-day trading on Tuesday, reaching $381.80. The company's stock had a trading volume of 146,484 shares, compared to its average volume of 451,469. 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 12 month low of $311.41 and a 12 month high of $481.26. The business's 50 day moving average price is $393.01 and its 200 day moving average price is $372.24. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 1.27 and a beta of 1.05.

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

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. Carlisle Companies's dividend payout ratio is 24.58%.

Carlisle Companies Company 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.