Epoch Investment Partners Inc. Buys 15,888 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Epoch Investment Partners Inc. increased its stake in Carlisle Companies Incorporated by 9.4%, acquiring an additional 15,888 shares in the first quarter, bringing their total ownership to 185,232 shares valued at approximately $63 million.
• Carlisle Companies recently declared a quarterly dividend increase from $1.00 to $1.10 per share, reflecting an annualized dividend yield of 1.1% and a dividend payout ratio of 24.58%.
• The company reported $6.27 EPS for the most recent quarter, missing analysts' expectations, with a total revenue of $1.45 billion, slightly down from last year.

Epoch Investment Partners Inc. boosted its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 185,232 shares of the conglomerate's stock after acquiring an additional 15,888 shares during the period. Epoch Investment Partners Inc. owned 0.43% of Carlisle Companies worth $63,071,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its stake in shares of Carlisle Companies by 1.5% during the 1st quarter. Comerica Bank now owns 19,429 shares of the conglomerate's stock worth $6,616,000 after purchasing an additional 290 shares during the last quarter. Synovus Financial Corp grew its holdings in Carlisle Companies by 88.7% during the first quarter. Synovus Financial Corp now owns 3,467 shares of the conglomerate's stock valued at $1,181,000 after purchasing an additional 1,630 shares during the period. Bahl & Gaynor Inc. increased its position in Carlisle Companies by 5.0% in the first quarter. Bahl & Gaynor Inc. now owns 188,804 shares of the conglomerate's stock worth $64,288,000 after buying an additional 8,981 shares during the last quarter. Groupe la Francaise raised its stake in shares of Carlisle Companies by 48.7% in the first quarter. Groupe la Francaise now owns 5,704 shares of the conglomerate's stock valued at $1,994,000 after buying an additional 1,869 shares during the period. Finally, Allstate Corp lifted its position in shares of Carlisle Companies by 128.2% during the 1st quarter. Allstate Corp now owns 3,015 shares of the conglomerate's stock valued at $1,027,000 after buying an additional 1,694 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 0.0%

Shares of CSL opened at $392.84 on Wednesday. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The stock has a market cap of $16.79 billion, a PE ratio of 21.95, a P/E/G ratio of 1.26 and a beta of 1.05. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The business's 50-day moving average price is $389.29 and its 200-day moving average price is $369.96.

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

Carlisle Companies Increases Dividend

The company also recently declared 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. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date is Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies's dividend payout ratio (DPR) is presently 24.58%.

Analyst Upgrades and Downgrades

CSL has been the subject of several recent research reports. JPMorgan Chase & Co. assumed 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 lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and lowered their price target for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, 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.

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