9,800 Shares in Carlisle Companies Incorporated $CSL Acquired by Hiddenite Capital Partners LP

Key Points

• Hiddenite Capital Partners LP invested approximately $3.34 million in Carlisle Companies, purchasing 9,800 shares, which now represents 1.2% of their total holdings.
• Wall Street analysts have mixed opinions on Carlisle Companies, with Loop Capital downgrading the stock to a "hold" and cutting the price target, while JPMorgan Chase & Co. initiated coverage with an "overweight" rating at a target price of $500.00.
• Carlisle Companies recently declared an increased quarterly dividend of $1.10 per share, raising its annualized dividend to $4.40 with a yield of 1.1%.

Hiddenite Capital Partners LP acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,800 shares of the conglomerate's stock, valued at approximately $3,337,000. Carlisle Companies comprises 1.2% of Hiddenite Capital Partners LP's investment portfolio, making the stock its 25th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Dagco Inc. bought a new position in Carlisle Companies during the first quarter worth $27,000. CX Institutional bought a new position in Carlisle Companies during the first quarter worth $49,000. Wayfinding Financial LLC bought a new position in Carlisle Companies during the first quarter worth $55,000. Allworth Financial LP grew its stake 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 buying an additional 42 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in Carlisle Companies by 277.1% during the 1st quarter. Harbour Investments Inc. now owns 181 shares of the conglomerate's stock worth $62,000 after buying an additional 133 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

Shares of CSL stock traded down $6.68 during mid-day trading on Tuesday, hitting $379.21. 487,166 shares of the stock traded hands, compared to its average volume of 456,051. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. 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 $16.21 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. The company's 50-day simple moving average is $391.71 and its 200-day simple moving average is $370.89.

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

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. 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 payout ratio is 24.58%.

Analyst Ratings Changes

A number of brokerages recently commented on CSL. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research note on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective for the company. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.