Boston Common Asset Management LLC Boosts Holdings in Carlisle Companies Incorporated $CSL

Key Points

• Boston Common Asset Management LLC increased its stake in Carlisle Companies by 9.4% during the second quarter, now holding 13,952 shares worth approximately $5.21 million.
• Carlisle Companies reported a missed earnings estimate for the last quarter, with EPS of $6.27, falling short of analysts' expectations of $6.67 and revenues of $1.45 billion compared to a $1.50 billion estimate.
• The company recently raised its quarterly dividend from $1.00 to $1.10 per share, reflecting a 1.3% yield and a payout ratio of 24.58%.

Boston Common Asset Management LLC grew its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 9.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,952 shares of the conglomerate's stock after purchasing an additional 1,202 shares during the quarter. Boston Common Asset Management LLC's holdings in Carlisle Companies were worth $5,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake 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 purchasing an additional 2,976 shares during the period. Spire Wealth Management boosted its stake 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 purchasing an additional 54 shares during the period. CX Institutional purchased a new position in shares of Carlisle Companies in the first quarter valued at approximately $49,000. GAMMA Investing LLC boosted its stake 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 purchasing an additional 164 shares during the period. Finally, Strs Ohio purchased a new position in shares of Carlisle Companies in the first quarter valued at approximately $17,025,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Down 1.1%

CSL stock opened at $328.25 on Friday. 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 Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The company's 50 day moving average is $368.43 and its two-hundred day moving average is $373.05. The stock has a market cap of $14.03 billion, a P/E ratio of 18.34, a PEG ratio of 1.06 and a beta of 1.00.

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

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 19th. 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 1.3%. Carlisle Companies's dividend payout ratio is 24.58%.

Analysts Set New Price Targets

CSL has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Carlisle Companies in a research note on Saturday, September 27th. JPMorgan Chase & Co. reduced their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Zacks Research cut shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. Truist Financial reduced their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating on the stock in a report on Monday, September 22nd. Finally, Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced their target price for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $429.17.

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.

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