Carlisle Companies Incorporated $CSL Stock Position Decreased by Centerstone Investors LLC

Key Points

• Centerstone Investors LLC has reduced its stake in Carlisle Companies Incorporated by 53.5%, now holding 2,632 shares valued at approximately $896,000, which represents 2.1% of its investment portfolio.
• Carlisle Companies recently reported earnings per share of $6.27 for the quarter, missing estimates and showing a slight revenue decline from the previous year.
• The company announced an increase in its quarterly dividend to $1.10 per share, reflecting a shift from its previous dividend of $1.00, with a current yield of 1.2%.

Centerstone Investors LLC reduced its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 53.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,632 shares of the conglomerate's stock after selling 3,033 shares during the quarter. Carlisle Companies comprises about 2.1% of Centerstone Investors LLC's holdings, making the stock its 10th biggest holding. Centerstone Investors LLC's holdings in Carlisle Companies were worth $896,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Lido Advisors LLC purchased a new stake in Carlisle Companies in the fourth quarter worth $237,000. Mercer Global Advisors Inc. ADV increased its stake in Carlisle Companies by 1.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,291 shares of the conglomerate's stock valued at $3,058,000 after purchasing an additional 116 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Carlisle Companies by 11.9% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,944 shares of the conglomerate's stock valued at $717,000 after acquiring an additional 207 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Carlisle Companies by 57.3% in the fourth quarter. BNP Paribas Financial Markets now owns 34,674 shares of the conglomerate's stock worth $12,789,000 after buying an additional 12,632 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of Carlisle Companies by 27.1% during the 4th quarter. Baird Financial Group Inc. now owns 2,588 shares of the conglomerate's stock worth $955,000 after purchasing an additional 552 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL stock traded down $9.06 during trading hours on Tuesday, hitting $383.60. 193,907 shares of the company were exchanged, compared to its average volume of 451,786. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 1.27 and a beta of 1.05. The firm has a fifty day simple moving average of $393.01 and a 200 day simple moving average of $372.24.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.24 EPS. Research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, August 19th. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is presently 24.58%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CSL shares. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and dropped their price objective for the company from $430.00 to $395.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of "Moderate Buy" and a consensus 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.