Bahl & Gaynor Inc. Increases Position in Carlisle Companies Incorporated $CSL

Key Points

• Bahl & Gaynor Inc. increased its stake in Carlisle Companies by 5.0%, acquiring an additional 8,981 shares, bringing their total ownership to 188,804 shares valued at approximately $64.3 million.
• Wall Street analysts have given Carlisle Companies a consensus rating of "Moderate Buy" with an average target price of $450.83, despite some downgrades including a reduction in price objective by Loop Capital.
• The company has declared a quarterly dividend increase to $1.10, reflecting a positive change from its previous dividend of $1.00 and resulting in an annualized yield of 1.1%.

Bahl & Gaynor Inc. lifted its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 5.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 188,804 shares of the conglomerate's stock after acquiring an additional 8,981 shares during the period. Bahl & Gaynor Inc. owned 0.44% of Carlisle Companies worth $64,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSL. NewEdge Advisors LLC lifted its position in Carlisle Companies by 12.1% during the fourth quarter. NewEdge Advisors LLC now owns 909 shares of the conglomerate's stock valued at $335,000 after buying an additional 98 shares during the period. GeoWealth Management LLC grew its position in shares of Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after buying an additional 29 shares during the period. First Trust Advisors LP increased its stake in shares of Carlisle Companies by 16.4% in the 4th quarter. First Trust Advisors LP now owns 111,436 shares of the conglomerate's stock worth $41,102,000 after acquiring an additional 15,709 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in Carlisle Companies by 32.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 272 shares of the conglomerate's stock valued at $100,000 after acquiring an additional 66 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Carlisle Companies by 30.7% during the fourth quarter. Hsbc Holdings PLC now owns 45,875 shares of the conglomerate's stock worth $16,916,000 after acquiring an additional 10,778 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

NYSE CSL traded up $0.20 during trading hours on Tuesday, hitting $392.84. The company's stock had a trading volume of 394,739 shares, compared to its average volume of 506,830. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company's 50 day simple moving average is $388.56 and its two-hundred day simple moving average is $369.80. 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 company has a market cap of $16.79 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly 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 company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the business earned $6.24 EPS. The business's revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Loop Capital cut 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 report on Thursday, July 31st. JPMorgan Chase & Co. started coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target on the stock. Finally, Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of "Moderate Buy" and an average 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.