Dimensional Fund Advisors LP Has $170.02 Million Stake in Carlisle Companies Incorporated $CSL

Key Points

• Dimensional Fund Advisors LP increased its stake in Carlisle Companies by 11.3%, owning 499,341 shares worth approximately $170 million as of the end of the first quarter.
• Carlisle Companies recently announced a dividend increase from $1.00 to $1.10 per share, reflecting a 1.1% yield and a payout ratio of 24.58%.
• The company reported EPS of $6.27 for the last quarter, missing estimates, while revenue was down by 0.1% year-over-year, totaling $1.45 billion.

Dimensional Fund Advisors LP boosted its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 499,341 shares of the conglomerate's stock after purchasing an additional 50,578 shares during the period. Dimensional Fund Advisors LP owned 1.15% of Carlisle Companies worth $170,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. Dagco Inc. purchased a new position in Carlisle Companies during the 1st quarter worth approximately $27,000. CX Institutional purchased a new position in Carlisle Companies during the 1st quarter worth approximately $49,000. GeoWealth Management LLC grew its position in Carlisle Companies by 25.0% during the 4th 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 purchased a new position in Carlisle Companies during the 1st quarter worth approximately $55,000. Finally, Allworth Financial LP boosted its stake in shares of Carlisle Companies by 32.8% during 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 during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Up 4.2%

Shares of CSL stock traded up $16.0890 on Friday, hitting $397.7090. The company's stock had a trading volume of 289,119 shares, compared to its average volume of 517,771. 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 fifty-two week low of $311.41 and a fifty-two week high of $481.26. The firm's fifty day moving average price is $387.86 and its 200-day moving average price is $369.36. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 1.25 and a beta of 1.05.

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

Carlisle Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CSL shares. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. started coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price for the company. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Carlisle Companies has a consensus rating of "Moderate Buy" and a consensus price target of $450.83.

Carlisle Companies Company 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.