Carlisle Companies Incorporated $CSL Stock: Bahl & Gaynor LLC Trims Position

Key Points

• Bahl & Gaynor cut its Carlisle stake by 76.9% in the third quarter, selling 102,096 shares and retaining 30,615 shares worth about $9.9 million. Institutional investors own 89.52% of the company’s stock.
• Carlisle reported quarterly EPS of $5.92, slightly above estimates, while revenue of $1.46 billion topped forecasts and rose 8.6% year over year.
• The company declared a quarterly dividend of $1.25 per share, equivalent to an annualized yield of 1.3%. Analysts’ consensus rating is “Hold,” with an average price target of $395.83.

Bahl & Gaynor LLC reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 76.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 30,615 shares of the conglomerate's stock after selling 102,096 shares during the period. Bahl & Gaynor LLC owned about 0.08% of Carlisle Companies worth $9,863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc grew its position in Carlisle Companies by 71.7% in the 3rd quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate's stock valued at $29,000 after acquiring an additional 38 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Carlisle Companies in the 3rd quarter worth about $29,000. Jones Financial Companies Lllp bought a new stake in Carlisle Companies during the 2nd quarter valued at about $33,000. Osterweis Capital Management Inc. bought a new stake in Carlisle Companies during the 2nd quarter valued at about $35,000. Finally, Signature Equity Partners LLC lifted its holdings in Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate's stock valued at $32,000 after buying an additional 94 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $397.54 on Thursday. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.25 and a beta of 0.78. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The company has a quick ratio of 1.80, a current ratio of 2.40 and a debt-to-equity ratio of 2.01. The firm has a 50 day moving average of $342.29 and a 200 day moving average of $353.84.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.89 by $0.03. Carlisle Companies had a return on equity of 51.25% and a net margin of 13.78%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the business posted $5.61 EPS. The business's revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 21.11 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 18th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 18th. Carlisle Companies's dividend payout ratio (DPR) is currently 28.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CSL shares. Weiss Ratings lowered shares of Carlisle Companies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, November 4th. DA Davidson set a $355.00 price target on Carlisle Companies in a report on Friday, October 9th. Finally, Robert W. Baird set a $410.00 price objective on Carlisle Companies in a research note on Thursday, October 29th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $395.83.

About Carlisle Companies

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally. Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.

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