Allstate Corp Purchases 1,694 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Allstate Corp has increased its holdings in Carlisle Companies by 128.2%, owning 3,015 shares valued at approximately $1.03 million as of the latest quarter.
• Carlisle Companies announced a dividend increase, now paying $1.10 per share, with a dividend yield of 1.1% and a payout ratio of 24.58%.
• Recent earnings reports show Carlisle Companies missed expectations with earnings of $6.27 per share, and the consensus forecast for the current fiscal year is 22.31 EPS.

Allstate Corp grew its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 128.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,015 shares of the conglomerate's stock after purchasing an additional 1,694 shares during the quarter. Allstate Corp's holdings in Carlisle Companies were worth $1,027,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSL. 1832 Asset Management L.P. raised its stake in shares of Carlisle Companies by 39.7% in the first quarter. 1832 Asset Management L.P. now owns 107,115 shares of the conglomerate's stock valued at $36,473,000 after acquiring an additional 30,421 shares during the last quarter. Channing Capital Management LLC increased its position in shares of Carlisle Companies by 4.8% in the 1st quarter. Channing Capital Management LLC now owns 30,643 shares of the conglomerate's stock valued at $10,434,000 after buying an additional 1,395 shares in the last quarter. Summit Financial LLC bought a new stake in shares of Carlisle Companies in the 1st quarter valued at $2,251,000. Candriam S.C.A. increased its position in shares of Carlisle Companies by 0.6% in the 1st quarter. Candriam S.C.A. now owns 77,276 shares of the conglomerate's stock valued at $26,312,000 after buying an additional 439 shares in the last quarter. Finally, Capital Fund Management S.A. increased its position in shares of Carlisle Companies by 187.2% in the 1st quarter. Capital Fund Management S.A. now owns 29,904 shares of the conglomerate's stock valued at $10,182,000 after buying an additional 19,490 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Trading Down 0.1%

CSL stock traded down $0.20 during midday trading on Friday, hitting $386.13. The stock had a trading volume of 268,454 shares, compared to its average volume of 438,318. The firm has a market cap of $16.51 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. 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 1-year low of $311.41 and a 1-year high of $481.26. The business has a fifty day moving average price of $391.28 and a two-hundred day moving average price of $370.63.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share 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 company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company posted $6.24 EPS. Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is 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 dividend yield of 1.1%. Carlisle Companies's payout ratio is presently 24.58%.

Analyst Upgrades and Downgrades

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