Carlisle Companies Incorporated $CSL Stock Holdings Lifted by Empowered Funds LLC

Key Points

• Empowered Funds LLC significantly increased its holdings in Carlisle Companies, raising its position by 381.6% to own $11.5 million worth of stock after acquiring an additional 26,759 shares.
• Recent analyst ratings show mixed opinions on Carlisle Companies, with Loop Capital downgrading the stock to a "hold" and JPMorgan Chase & Co. starting coverage with an "overweight" rating.
• Carlisle Companies declared a quarterly dividend of $1.10 per share, up from $1.00, reflecting a positive dividend trend along with a payout ratio of 24.58%.

Empowered Funds LLC lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 381.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,771 shares of the conglomerate's stock after acquiring an additional 26,759 shares during the quarter. Empowered Funds LLC owned 0.08% of Carlisle Companies worth $11,499,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CSL. GAMMA Investing LLC increased its position in shares of Carlisle Companies by 38,164.5% during the first quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock worth $172,635,000 after acquiring an additional 505,680 shares during the last quarter. Cooke & Bieler LP bought a new stake in Carlisle Companies in the first quarter valued at about $74,095,000. Pacer Advisors Inc. increased its holdings in Carlisle Companies by 1,611.7% in the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock valued at $73,202,000 after buying an additional 202,425 shares during the last quarter. Nuveen LLC bought a new stake in Carlisle Companies in the first quarter valued at about $62,485,000. Finally, Point72 Asset Management L.P. bought a new stake in Carlisle Companies in the fourth quarter valued at about $55,104,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSL has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Loop Capital downgraded 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded down $7.32 during midday trading on Monday, hitting $358.34. 324,727 shares of the company's stock were exchanged, compared to its average volume of 455,783. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The stock's 50 day moving average price is $391.72 and its 200-day moving average price is $373.45. The firm has a market cap of $15.32 billion, a P/E ratio of 20.00, a PEG ratio of 1.17 and a beta of 1.05. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued 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). The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.24 earnings per share. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.2%. Carlisle Companies's dividend payout ratio is presently 24.58%.

About Carlisle Companies

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.