Perbak Capital Partners LLP Invests $337,000 in Carlisle Companies Incorporated $CSL

Key Points

• Perbak Capital Partners LLP acquired 991 shares of Carlisle Companies for approximately $337,000 in the first quarter, reflecting growing interest from institutional investors.
• In recent analyst ratings, JPMorgan Chase & Co. assigned an "overweight" rating with a target price of $500, while the consensus rating stands at "Moderate Buy" with a price target of $450.83.
• Carlisle Companies announced an increase in its quarterly dividend to $1.10, up from the previous $1.00, with the next payment scheduled for September 2nd.

Perbak Capital Partners LLP purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 991 shares of the conglomerate's stock, valued at approximately $337,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. GAMMA Investing LLC boosted its position in Carlisle Companies by 38,164.5% in the first quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after buying an additional 505,680 shares in the last quarter. Cooke & Bieler LP acquired a new position in shares of Carlisle Companies during the first quarter worth approximately $74,095,000. Pacer Advisors Inc. lifted its position in shares of Carlisle Companies by 1,611.7% during the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock worth $73,202,000 after purchasing an additional 202,425 shares in the last quarter. Nuveen LLC acquired a new position in shares of Carlisle Companies during the first quarter worth approximately $62,485,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Carlisle Companies during the fourth quarter worth approximately $55,104,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Up 1.2%

NYSE:CSL traded up $4.55 during trading hours on Friday, hitting $396.52. The stock had a trading volume of 351,049 shares, compared to its average volume of 350,910. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The company has a market cap of $16.95 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.27 and a beta of 1.05. The business's 50 day moving average is $392.64 and its 200-day moving average is $371.84.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $6.24 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.1%. Carlisle Companies's payout ratio is currently 24.58%.

Wall Street Analyst Weigh In

CSL has been the topic of a number of research reports. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. initiated 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. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $450.83.

About Carlisle Companies

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.