Carlisle Companies Incorporated $CSL Stake Lifted by Copeland Capital Management LLC

Key Points

• Copeland Capital Management increased its Carlisle Companies stake by 12% in the third quarter, bringing its holdings to 76,551 shares valued at approximately $24.7 million. Institutional investors collectively own 89.52% of CSL.
• Carlisle reported quarterly EPS of $7.03, exceeding estimates of $6.35, while revenue reached $1.57 billion and rose 8.3% year over year.
• The company raised its quarterly dividend from $1.10 to $1.25 per share, representing a $5.00 annualized payout and a 1.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $394.50.

Copeland Capital Management LLC lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 12.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,551 shares of the conglomerate's stock after purchasing an additional 8,225 shares during the quarter. Copeland Capital Management LLC owned 0.19% of Carlisle Companies worth $24,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tilia Fiduciary Partners Inc. grew its holdings in Carlisle Companies by 2.9% in the third quarter. Tilia Fiduciary Partners Inc. now owns 8,981 shares of the conglomerate's stock valued at $2,893,000 after purchasing an additional 251 shares during the period. Wedmont Private Capital raised its stake in shares of Carlisle Companies by 20.7% during the 3rd quarter. Wedmont Private Capital now owns 928 shares of the conglomerate's stock worth $298,000 after buying an additional 159 shares during the period. Diversified Management Inc. acquired a new position in shares of Carlisle Companies during the 3rd quarter worth approximately $1,989,000. GAMMA Investing LLC raised its stake in shares of Carlisle Companies by 21.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,826 shares of the conglomerate's stock worth $910,000 after buying an additional 501 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Carlisle Companies by 6.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,771 shares of the conglomerate's stock valued at $571,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $329.26 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The business's 50 day moving average price is $344.24 and its 200-day moving average price is $346.83. The firm has a market capitalization of $13.07 billion, a PE ratio of 18.89, a P/E/G ratio of 1.01 and a beta of 0.84. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $432.91.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping the consensus estimate of $6.35 by $0.68. The firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.27 earnings per share. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 21.18 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.10. Carlisle Companies's payout ratio is presently 28.69%.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on shares of Carlisle Companies from $412.00 to $402.00 and set an "outperform" rating on the stock in a research note on Tuesday. Weiss Ratings raised shares of Carlisle Companies from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. DA Davidson set a $355.00 price objective on shares of Carlisle Companies in a report on Friday. Finally, Truist Financial dropped their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a "hold" rating on the stock in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Carlisle Companies presently has an average rating of "Hold" and a consensus target price of $394.50.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and related technologies. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, architectural metals, and other building-envelope solutions. Its products are used in new construction, renovation, and maintenance projects.

Carlisle also develops products for specialized industrial and aerospace applications.

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