Livforsakringsbolaget Skandia Omsesidigt Purchases 900 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Carlisle Companies by 19.5% in Q2, holding a total of $2.06 million in shares after purchasing additional stock.
• Carlisle Companies recently reported earnings of $6.27 per share, which was below analysts' expectations of $6.67, alongside a slight year-over-year revenue decline.
• The company announced a quarterly dividend increase from $1.00 to $1.10 per share, resulting in an annualized dividend of $4.40 and a yield of 1.3%.

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 19.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,520 shares of the conglomerate's stock after purchasing an additional 900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Carlisle Companies were worth $2,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSL. GAMMA Investing LLC boosted its position in Carlisle Companies by 38,164.5% during the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after acquiring an additional 505,680 shares in the last quarter. Cooke & Bieler LP acquired a new stake in Carlisle Companies during the first quarter valued at $74,095,000. Pacer Advisors Inc. lifted its position in shares of Carlisle Companies by 1,611.7% in the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock valued at $73,202,000 after acquiring an additional 202,425 shares in the last quarter. Nuveen LLC purchased a new position in Carlisle Companies in the 1st quarter worth approximately $62,485,000. Finally, Victory Capital Management Inc. grew its stake in shares of Carlisle Companies by 112.3% in the 1st quarter. Victory Capital Management Inc. now owns 240,516 shares of the conglomerate's stock valued at $81,896,000 after buying an additional 127,234 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

NYSE CSL traded down $1.21 on Tuesday, hitting $337.58. 111,720 shares of the stock were exchanged, compared to its average volume of 473,808. The business's fifty day moving average is $383.37 and its 200 day moving average is $373.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The company has a market capitalization of $14.43 billion, a PE ratio of 18.87, a P/E/G 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.

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

Carlisle Companies Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CSL shares. JPMorgan Chase & Co. cut their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and cut their price target for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, Truist Financial reduced their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a research note on Monday. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $429.17.

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.