Aptus Capital Advisors LLC Purchases 3,542 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Aptus Capital Advisors LLC significantly increased its stake in Carlisle Companies, acquiring an additional 3,542 shares and raising its ownership by 182.2% to a total of 5,486 shares.
• Carlisle Companies reported earnings of $6.27 EPS, missing analysts' expectations of $6.67, with revenue declining 0.1% year-over-year to $1.45 billion.
• The company announced an increased quarterly dividend of $1.10 per share, which will be paid on September 2nd, representing a 1.1% dividend yield for investors.

Aptus Capital Advisors LLC grew its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 182.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,486 shares of the conglomerate's stock after purchasing an additional 3,542 shares during the quarter. Aptus Capital Advisors LLC's holdings in Carlisle Companies were worth $1,868,000 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. Cambridge Investment Research Advisors Inc. increased its stake in Carlisle Companies by 35.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock valued at $3,902,000 after acquiring an additional 2,976 shares during the period. Spire Wealth Management increased its stake in Carlisle Companies by 2.8% during the first quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after acquiring an additional 54 shares during the period. CX Institutional bought a new position in Carlisle Companies during the first quarter valued at about $49,000. GAMMA Investing LLC increased its stake in Carlisle Companies by 12.4% during the first quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock valued at $507,000 after acquiring an additional 164 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Carlisle Companies by 11.5% in the first quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock valued at $376,000 after purchasing an additional 114 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of NYSE:CSL traded down $5.5790 during trading on Monday, reaching $391.9810. The stock had a trading volume of 113,556 shares, compared to its average volume of 458,702. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The business's 50-day moving average price is $387.86 and its 200 day moving average price is $369.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The stock has a market capitalization of $16.76 billion, a PE ratio of 21.89, a P/E/G ratio of 1.28 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter last year, the firm posted $6.24 EPS. The business's revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date is Tuesday, August 19th. Carlisle Companies's dividend payout ratio is presently 24.58%.

Analyst Upgrades and Downgrades

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