Baader Bank Aktiengesellschaft Invests $392,000 in Carlisle Companies Incorporated $CSL

Key Points

• Baader Bank Aktiengesellschaft has acquired a new stake in Carlisle Companies Incorporated, purchasing 1,052 shares valued at approximately $392,000 in the second quarter.
• Hedge funds and institutional investors own 89.52% of Carlisle Companies, indicating significant institutional interest in the stock.
• Carlisle Companies recently increased its quarterly dividend from $1.00 to $1.10 per share, representing an annualized dividend yield of 1.3%.

Baader Bank Aktiengesellschaft acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,052 shares of the conglomerate's stock, valued at approximately $392,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Carlisle Companies by 35.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock valued at $3,902,000 after buying an additional 2,976 shares during the period. Spire Wealth Management boosted its holdings in shares of Carlisle Companies by 2.8% in the first quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after buying an additional 54 shares during the period. CX Institutional acquired a new position in shares of Carlisle Companies in the first quarter valued at approximately $49,000. GAMMA Investing LLC boosted its holdings in shares of Carlisle Companies by 12.4% in the first quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock valued at $507,000 after buying an additional 164 shares during the period. Finally, Fifth Third Bancorp boosted its holdings 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 buying an additional 114 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CSL. JPMorgan Chase & Co. cut their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a research report on Wednesday. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and cut their price objective for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $435.83.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded up $6.44 on Friday, hitting $337.94. The company had a trading volume of 1,418,604 shares, compared to its average volume of 490,266. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 1.09 and a beta of 1.05. The stock has a 50 day moving average price of $384.90 and a 200 day moving average price of $373.37. 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 (NYSE:CSL - Get Free Report) last released its quarterly 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 business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company posted $6.24 earnings per share. The company's revenue was down .1% on a year-over-year basis. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies's dividend payout ratio is currently 24.58%.

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.