Carlisle Companies Incorporated $CSL Shares Acquired by Watchman Group Inc.

Key Points

• Watchman Group Inc. increased its stake in Carlisle Companies Incorporated by 10.1% during the 1st quarter, owning 11,401 shares valued at approximately $3.88 million.
• Recent research shows a mix of analyst ratings for Carlisle Companies, with Loop Capital downgrading it to a "hold" while JPMorgan Chase set an "overweight" rating and a target price of $500.00.
• Carlisle Companies recently announced a quarterly dividend increase from $1.00 to $1.10, representing an annualized dividend yield of 1.1% with a payout ratio of 22.35%.

Watchman Group Inc. increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,401 shares of the conglomerate's stock after buying an additional 1,049 shares during the period. Carlisle Companies comprises approximately 1.1% of Watchman Group Inc.'s holdings, making the stock its 29th largest holding. Watchman Group Inc.'s holdings in Carlisle Companies were worth $3,882,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dagco Inc. purchased a new stake in Carlisle Companies in the first quarter valued at approximately $27,000. CX Institutional purchased a new stake in shares of Carlisle Companies in the first quarter valued at approximately $49,000. GeoWealth Management LLC raised its stake 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 during the period. Wayfinding Financial LLC purchased a new stake in Carlisle Companies in the first quarter valued at $55,000. Finally, Allworth Financial LP raised its position in Carlisle Companies by 32.8% in the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSL. Truist Financial decreased their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Robert W. Baird lifted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective on the stock. Finally, Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Trading Up 2.7%

Shares of Carlisle Companies stock traded up $10.2660 on Tuesday, hitting $387.2160. 338,200 shares of the company's stock traded hands, compared to its average volume of 463,510. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.20 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company has a fifty day moving average of $386.26 and a two-hundred day moving average of $368.80.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted 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 return on equity of 38.16% and a net margin of 16.12%.The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $6.24 EPS. The firm's revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a dividend of $1.10 per share. 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 positive change from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio is currently 22.35%.

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.