1832 Asset Management L.P. Increases Position in Carlisle Companies Incorporated $CSL

Key Points

• 1832 Asset Management L.P. increased its stake in Carlisle Companies by 39.7%, owning 107,115 shares worth about $36.47 million after acquiring 30,421 additional shares during the first quarter.
• Carlisle Companies reported earnings of $6.27 EPS, which missed the consensus estimate of $6.67, with a slight revenue decline of 0.1% year-over-year.
• The company recently declared a quarterly dividend of $1.10 per share, an increase from the previous $1.00 dividend, reflecting a 1.1% annual yield.

1832 Asset Management L.P. increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 39.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,115 shares of the conglomerate's stock after purchasing an additional 30,421 shares during the quarter. 1832 Asset Management L.P. owned 0.25% of Carlisle Companies worth $36,473,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Dagco Inc. purchased a new position in shares of Carlisle Companies in the 1st quarter valued at about $27,000. CX Institutional purchased a new position in Carlisle Companies in the first quarter valued at approximately $49,000. GeoWealth Management LLC raised its holdings in Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after purchasing an additional 29 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Carlisle Companies in the 1st quarter valued at $55,000. Finally, Allworth Financial LP boosted its holdings in shares of Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

CSL traded down $2.21 on Wednesday, hitting $390.79. 381,198 shares of the company traded hands, compared to its average volume of 458,441. The company has a 50 day moving average of $389.29 and a 200-day moving average of $369.96. 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 stock has a market capitalization of $16.71 billion, a PE ratio of 21.83, a PEG ratio of 1.26 and a beta of 1.05. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its 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 return on equity of 38.16% and a net margin of 16.12%.The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the company posted $6.24 earnings per share. The business's quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSL. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Loop Capital downgraded 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. Finally, JPMorgan Chase & Co. started coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $450.83.

Carlisle Companies 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.