Oliver Lagore Vanvalin Investment Group Invests $2.76 Million in Carlisle Companies Incorporated $CSL

Key Points

• Oliver Lagore Vanvalin Investment Group acquired 8,101 shares of Carlisle Companies, valued at approximately $2.76 million, making it the 27th largest position in their portfolio.
• Carlisle Companies recently reported $6.27 earnings per share, missing analysts' estimates, and had a revenue of $1.45 billion for the quarter.
• The company increased its quarterly dividend from $1.00 to $1.10, reflecting a healthy dividend payout ratio of 24.58% and an annualized yield of 1.3%.

Oliver Lagore Vanvalin Investment Group bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,101 shares of the conglomerate's stock, valued at approximately $2,758,000. Carlisle Companies makes up about 1.0% of Oliver Lagore Vanvalin Investment Group's holdings, making the stock its 27th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Dagco Inc. purchased a new stake in shares of Carlisle Companies during the first quarter valued at approximately $27,000. MAI Capital Management boosted its stake in shares of Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock valued at $42,000 after purchasing an additional 34 shares during the period. CX Institutional purchased a new stake in shares of Carlisle Companies during the first quarter valued at approximately $49,000. Wayfinding Financial LLC bought a new position in shares of Carlisle Companies during the first quarter valued at approximately $55,000. Finally, Allworth Financial LP raised its holdings in shares of Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

NYSE:CSL traded down $1.72 during trading hours on Tuesday, reaching $337.06. The stock had a trading volume of 129,635 shares, compared to its average volume of 473,953. 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 Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a 50 day moving average price of $383.37 and a two-hundred day moving average price of $373.66. The stock has a market capitalization of $14.41 billion, a PE ratio of 18.83, a PEG ratio of 1.09 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (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 return on equity of 38.16% and a net margin of 16.12%.The business's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.24 EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share 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 given a $1.10 dividend. This is a boost 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 yield of 1.3%. Carlisle Companies's dividend payout ratio is currently 24.58%.

Analysts Set New Price Targets

A number of brokerages recently commented on CSL. Truist Financial decreased their target price on Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a report on Monday. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $429.17.

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.