Northern Trust Corp Increases Position in Carlisle Companies Incorporated $CSL

Key Points

• Northern Trust Corp increased its stake in Carlisle Companies by 1.4%, holding 495,556 shares worth approximately $168.7 million at the end of the first quarter.
• Several analysts have issued reports on Carlisle Companies, with price targets ranging from $390.00 to $500.00, and a consensus rating of "Moderate Buy."
• Carlisle Companies announced an increase in its quarterly dividend to $1.10, reflecting a 1.2% yield, and will be paid to shareholders on September 2nd.

Northern Trust Corp lifted its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 495,556 shares of the conglomerate's stock after acquiring an additional 6,948 shares during the period. Northern Trust Corp owned 1.15% of Carlisle Companies worth $168,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CSL. GAMMA Investing LLC increased its position in shares of Carlisle Companies by 38,164.5% in the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after acquiring an additional 505,680 shares during the period. Cooke & Bieler LP acquired a new position in shares of Carlisle Companies in the 1st quarter valued at $74,095,000. Pacer Advisors Inc. increased its position in shares of Carlisle Companies by 1,611.7% in the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock valued at $73,202,000 after acquiring an additional 202,425 shares during the period. Nuveen LLC acquired a new position in shares of Carlisle Companies in the 1st quarter valued at $62,485,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $55,104,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of NYSE:CSL traded up $16.0890 during trading on Friday, reaching $397.7090. 289,119 shares of the company's stock traded hands, compared to its average volume of 516,027. 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 quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The firm has a market cap of $17.00 billion, a PE ratio of 22.22, a P/E/G ratio of 1.28 and a beta of 1.05. The company has a 50-day simple moving average of $387.86 and a 200-day simple moving average of $369.50.

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 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 analysts' expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $6.24 EPS. Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. As a group, analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is presently 24.58%.

Analyst Upgrades and Downgrades

CSL has been the topic of several analyst reports. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and cut their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. initiated coverage on Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Carlisle Companies presently 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.