Carlisle Companies Incorporated $CSL Stock Position Trimmed by Fiduciary Management Inc. WI

Key Points

• Fiduciary Management Inc. WI has reduced its holdings in Carlisle Companies by 0.9%, now retaining 535,890 shares valued at approximately $182.47 million.
• Carlisle Companies reported Q2 earnings of $6.27 per share, missing estimates, with a total revenue of $1.45 billion, reflecting a 0.1% decline year-over-year.
• The company has declared a quarterly dividend of $1.10, raising the annual payout to $4.40, with a yield of 1.2%.

Fiduciary Management Inc. WI lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 535,890 shares of the conglomerate's stock after selling 5,048 shares during the period. Carlisle Companies comprises approximately 1.8% of Fiduciary Management Inc. WI's holdings, making the stock its 22nd biggest holding. Fiduciary Management Inc. WI owned about 1.24% of Carlisle Companies worth $182,471,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Dagco Inc. acquired a new stake in Carlisle Companies during the 1st quarter valued at $27,000. CX Institutional acquired a new stake in Carlisle Companies during the 1st quarter valued at $49,000. GeoWealth Management LLC grew its holdings 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 acquiring an additional 29 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Carlisle Companies during the 1st quarter worth $55,000. Finally, Allworth Financial LP grew its holdings in Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded up $0.20 during midday trading on Tuesday, hitting $392.84. The company's stock had a trading volume of 394,720 shares, compared to its average volume of 458,914. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The firm's fifty day moving average price is $388.56 and its 200-day moving average price is $369.80. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The firm has a market cap of $16.79 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.28 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 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 last year, the firm posted $6.24 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Loop Capital lowered 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. JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective for the company. Finally, Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of "Moderate Buy" and an average price target 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.