Arete Wealth Advisors LLC Takes Position in Carlisle Companies Incorporated $CSL

Key Points

• Arete Wealth Advisors LLC invested approximately $546,000 in Carlisle Companies Incorporated (CSL) by acquiring 1,603 shares during the 1st quarter.
• Several institutional investors significantly increased their stakes in CSL, with GAMMA Investing LLC increasing its position by 38,164.5% to own over 507,000 shares, valued at $172.6 million.
• Carlisle Companies announced a quarterly dividend of $1.10, raising it from the previous $1.00, resulting in an annual yield of 1.2% based on current payout ratios.

Arete Wealth Advisors LLC acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,603 shares of the conglomerate's stock, valued at approximately $546,000.

Several other hedge funds have also added to or reduced their stakes in CSL. Baird Financial Group Inc. raised its stake in Carlisle Companies by 27.1% during the 4th quarter. Baird Financial Group Inc. now owns 2,588 shares of the conglomerate's stock worth $955,000 after buying an additional 552 shares during the period. Deutsche Bank AG raised its stake in Carlisle Companies by 10.1% during the 4th quarter. Deutsche Bank AG now owns 165,631 shares of the conglomerate's stock worth $61,091,000 after buying an additional 15,219 shares during the period. Focus Partners Wealth boosted its holdings in shares of Carlisle Companies by 133.3% in the fourth quarter. Focus Partners Wealth now owns 1,346 shares of the conglomerate's stock valued at $502,000 after buying an additional 769 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $4,163,000. Finally, Numerai GP LLC acquired a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $262,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSL. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company. Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $450.83.

Carlisle Companies Stock Performance

CSL stock traded down $9.79 during trading hours on Monday, reaching $355.87. The stock had a trading volume of 284,135 shares, compared to its average volume of 455,464. The stock has a market capitalization of $15.21 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. 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 50-day simple moving average of $391.72 and a 200 day simple moving average of $373.45. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced 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 firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.24 EPS. Analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a $1.10 dividend. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. 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.