Lodge Hill Capital LLC Acquires 17,930 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Lodge Hill Capital LLC increased its stake in Carlisle Companies, acquiring an additional 17,930 shares, bringing its total holdings to 132,930 shares, which accounts for approximately 10.7% of its portfolio.
• A recent analyst report downgraded CSL from a "buy" to a "hold" rating, lowering the price target from $430.00 to $395.00, while JPMorgan Chase initiated coverage with an "overweight" rating and a price target of $500.00.
• Carlisle Companies announced a quarterly dividend increase from $1.00 to $1.10 per share, with a dividend yield of 1.1%, scheduled for payout on September 2nd.

Lodge Hill Capital LLC boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 15.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 132,930 shares of the conglomerate's stock after buying an additional 17,930 shares during the period. Carlisle Companies accounts for approximately 10.7% of Lodge Hill Capital LLC's holdings, making the stock its largest holding. Lodge Hill Capital LLC owned approximately 0.31% of Carlisle Companies worth $45,263,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CSL. Dagco Inc. acquired a new position in Carlisle Companies during the first quarter worth approximately $27,000. CX Institutional acquired a new stake in shares of Carlisle Companies during the 1st quarter worth $49,000. Wayfinding Financial LLC acquired a new stake in shares of Carlisle Companies during the 1st quarter worth $55,000. Allworth Financial LP raised its position in shares of Carlisle Companies by 32.8% in 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 period. Finally, Harbour Investments Inc. boosted its holdings in Carlisle Companies by 277.1% in the first quarter. Harbour Investments Inc. now owns 181 shares of the conglomerate's stock valued at $62,000 after acquiring an additional 133 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on CSL shares. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and decreased their target price for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a research note 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 research report on Friday, May 16th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $450.83.

Carlisle Companies Stock Performance

NYSE:CSL opened at $390.79 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The firm has a 50-day moving average of $390.01 and a two-hundred day moving average of $370.10. The stock has a market cap of $16.71 billion, a P/E ratio of 21.83, a PEG ratio of 1.26 and a beta of 1.05.

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 the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $6.24 earnings per share. Carlisle Companies's revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be paid a dividend of $1.10 per share. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date is Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies's payout ratio is currently 24.58%.

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.

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