Kingstone Capital Partners Texas LLC Acquires Shares of 14,400 Carlisle Companies Incorporated $CSL

Key Points

• Kingstone Capital Partners Texas LLC has acquired 14,400 shares of Carlisle Companies, valued at approximately $5.37 million, representing a new investment during the second quarter.
• Analysts have mixed views on Carlisle Companies, with Loop Capital downgrading its rating from "buy" to "hold," while four research firms still rate it as a "buy" with a consensus target price of $435.83.
• Carlisle Companies has announced a quarterly dividend increase to $1.10 per share, up from the previous $1.00, indicating a dividend yield of 1.3%.

Kingstone Capital Partners Texas LLC acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,400 shares of the conglomerate's stock, valued at approximately $5,377,000.

A number of other institutional investors also recently added to or reduced their stakes in CSL. State of Wyoming boosted its holdings in Carlisle Companies by 105.1% during the fourth quarter. State of Wyoming now owns 566 shares of the conglomerate's stock valued at $209,000 after purchasing an additional 290 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Carlisle Companies by 2.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 347,285 shares of the conglomerate's stock worth $128,093,000 after acquiring an additional 8,942 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Carlisle Companies by 26.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 22,038 shares of the conglomerate's stock worth $8,128,000 after acquiring an additional 4,601 shares in the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Carlisle Companies in the 4th quarter worth approximately $1,523,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Carlisle Companies by 44.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,392 shares of the conglomerate's stock worth $1,251,000 after acquiring an additional 1,044 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CSL shares. Loop Capital downgraded 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 report on Thursday, July 31st. JPMorgan Chase & Co. reduced their target price on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $435.83.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $337.94 on Friday. The firm has a fifty day moving average of $384.90 and a two-hundred day moving average of $373.37. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.09 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. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its 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). The business had revenue of $1.45 billion for 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 business's revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.24 EPS. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

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

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.

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