BI Asset Management Fondsmaeglerselskab A S Sells 18,951 Shares of Carlisle Companies Incorporated $CSL

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Carlisle Companies by 27.8%, selling 18,951 shares and holding 49,157 shares valued at approximately $16.74 million.
• Carlisle Companies recently reported a Q2 EPS of $6.27, missing estimates by $0.40, with a slight revenue decline compared to the previous year, totaling $1.45 billion.
• The company announced an increase in its quarterly dividend from $1.00 to $1.10, yielding 1.1%, with the payout date set for September 2nd.

BI Asset Management Fondsmaeglerselskab A S lowered its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 27.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,157 shares of the conglomerate's stock after selling 18,951 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.11% of Carlisle Companies worth $16,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CSL. Dagco Inc. purchased a new position in Carlisle Companies in the first quarter valued at about $27,000. CX Institutional bought a new stake in Carlisle Companies in the first quarter valued at about $49,000. GeoWealth Management LLC boosted its stake in Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after acquiring an additional 29 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Carlisle Companies during the first quarter worth approximately $55,000. Finally, Allworth Financial LP boosted its position in shares of Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after buying an additional 42 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

NYSE:CSL traded up $16.0890 during mid-day trading on Friday, hitting $397.7090. The company's stock had a trading volume of 289,119 shares, compared to its average volume of 517,771. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $17.00 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 1.25 and a beta of 1.05. The stock has a fifty day moving average of $387.86 and a 200-day moving average of $369.36.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business's revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company earned $6.24 EPS. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be paid a dividend of $1.10 per share. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 19th. Carlisle Companies's payout ratio is currently 24.58%.

Wall Street Analysts Forecast Growth

CSL has been the topic of several recent analyst reports. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report 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 objective for the company. Finally, Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company 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.