Motley Fool Asset Management LLC Purchases Shares of 7,892 Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Motley Fool Asset Management LLC acquired 7,892 shares of Carlisle Companies Incorporated, valued at approximately $2.68 million, during the first quarter.
• Carlisle Companies announced an increase in their quarterly dividend to $1.10 per share, up from the previous $1.00, with an annualized yield of 1.2%.
• The company reported earnings of $6.27 per share, which was below the analysts' expected $6.67, alongside a revenue decline of 0.1% year-over-year.

Motley Fool Asset Management LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,892 shares of the conglomerate's stock, valued at approximately $2,687,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in Carlisle Companies by 4.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock worth $394,244,000 after purchasing an additional 49,102 shares in the last quarter. Madison Asset Management LLC grew its stake in Carlisle Companies by 28.2% in the first quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock worth $175,403,000 after purchasing an additional 113,312 shares in the last quarter. GAMMA Investing LLC grew its stake in Carlisle Companies by 38,164.5% in the first quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock worth $172,635,000 after purchasing an additional 505,680 shares in the last quarter. Bessemer Group Inc. grew its stake in Carlisle Companies by 8.4% in the first quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock worth $171,880,000 after purchasing an additional 39,329 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Carlisle Companies by 20.7% in the fourth quarter. Northern Trust Corp now owns 488,608 shares of the conglomerate's stock worth $180,218,000 after purchasing an additional 83,652 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CSL. Truist Financial decreased their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 target price for the company. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and decreased their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, Robert W. Baird lifted their target price on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $450.83.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded up $15.56 during midday trading on Wednesday, hitting $399.95. 436,385 shares of the company's stock were exchanged, compared to its average volume of 520,437. 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 stock's 50 day moving average price is $385.93 and its 200-day moving average price is $369.32. The firm has a market cap of $17.10 billion, a P/E ratio of 22.34, a PEG ratio of 1.21 and a beta of 1.05. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued 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). The business had revenue of $1.45 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.24 earnings per share. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.1%. Carlisle Companies's dividend payout ratio is presently 22.35%.

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.