30,300 Shares in Carlisle Companies Incorporated $CSL Purchased by Guinness Asset Management LTD

Key Points

• Guinness Asset Management LTD has acquired a new stake in Carlisle Companies Incorporated, purchasing 30,300 shares valued at approximately $10.32 million, thereby holding 0.07% of the company's stock.
• Carlisle Companies recently increased its quarterly dividend from $1.00 to $1.10 per share, resulting in an annualized dividend of $4.40 and a dividend yield of 1.1%.
• The company's stock surged 3.8% following a quarterly earnings report that showed an EPS of $6.27, which was below analysts' expectations of $6.67.

Guinness Asset Management LTD purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,300 shares of the conglomerate's stock, valued at approximately $10,319,000. Guinness Asset Management LTD owned 0.07% of Carlisle Companies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock worth $3,902,000 after purchasing an additional 2,976 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Carlisle Companies by 2.8% during the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after buying an additional 54 shares in the last quarter. CX Institutional purchased a new position in Carlisle Companies in the 1st quarter worth $49,000. GAMMA Investing LLC increased its holdings in shares of Carlisle Companies by 12.4% in the first quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock worth $507,000 after buying an additional 164 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Carlisle Companies by 11.5% in the first quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock worth $376,000 after buying an additional 114 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded down $16.02 during trading on Tuesday, reaching $339.95. 1,099,058 shares of the company traded hands, compared to its average volume of 464,234. The firm has a 50 day simple moving average of $390.88 and a 200-day simple moving average of $373.56. 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 stock has a market capitalization of $14.53 billion, a PE ratio of 18.99, a P/E/G ratio of 1.17 and a beta of 1.05. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $6.24 EPS. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's payout ratio is presently 24.58%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price target on the stock. Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Carlisle Companies presently has an average rating of "Moderate Buy" and a consensus price target of $450.83.

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.