OMERS ADMINISTRATION Corp Boosts Stock Position in Carlisle Companies Incorporated $CSL

Key Points

• OMERS ADMINISTRATION Corp has increased its stake in Carlisle Companies Incorporated by 28%, holding shares worth approximately $2.19 million as of the latest reporting period.
• Carlisle Companies recently announced an increase in its quarterly dividend from $1.00 to $1.10, representing a yield of 1.1% on an annualized basis.
• Research analysts have given Carlisle Companies a consensus rating of "Moderate Buy", with a price target averaging around $450.83, despite some analysts downgrading their ratings in recent reports.

OMERS ADMINISTRATION Corp boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 28.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,431 shares of the conglomerate's stock after purchasing an additional 1,408 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Carlisle Companies were worth $2,190,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings 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 increased its holdings 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 increased its holdings 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. increased its holdings in shares of Carlisle Companies by 8.4% during the first quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock valued at $171,880,000 after acquiring an additional 39,329 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Carlisle Companies by 11.3% during the first quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate's stock valued at $170,017,000 after acquiring an additional 50,578 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Up 3.4%

Carlisle Companies stock traded up $12.75 during trading on Thursday, hitting $388.18. 200,003 shares of the company were exchanged, compared to its average volume of 453,491. The business's 50 day moving average is $391.92 and its 200 day moving average is $370.98. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a market capitalization of $16.60 billion, a P/E ratio of 21.62, a PEG ratio of 1.24 and a beta of 1.05. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company posted $6.24 EPS. The company's quarterly revenue was down .1% compared to the same quarter last year. Analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current 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 an increase from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies's payout ratio is presently 24.58%.

Analysts Set New Price Targets

Several research firms have recently commented on CSL. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price objective for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. began coverage on Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $450.83.

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.