Quantbot Technologies LP Takes Position in Carlisle Companies Incorporated $CSL

Key Points

• Quantbot Technologies purchased 3,418 Carlisle Companies shares worth approximately $1.24 million in the second quarter. Institutional investors collectively own 89.52% of the company.
• Carlisle reported quarterly earnings of $7.03 per share, beating estimates by $0.68, while revenue rose 8.3% year over year to $1.57 billion. The company also increased its quarterly dividend to $1.25 per share, representing a 1.4% annual yield.
• Analysts maintain a consensus “Hold” rating, with an average price target of $402.43 versus the stock’s reported price of $362.95.

Quantbot Technologies LP purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,418 shares of the conglomerate's stock, valued at approximately $1,240,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Evolve Private Wealth LLC bought a new stake in Carlisle Companies during the 2nd quarter valued at approximately $264,000. Korea Investment CORP bought a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $17,492,000. Callan Family Office LLC bought a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $2,589,000. Heartland Advisors Inc. purchased a new position in shares of Carlisle Companies in the 2nd quarter valued at approximately $6,299,000. Finally, Patron Partners LLC bought a new stake in shares of Carlisle Companies during the second quarter valued at approximately $656,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 0.1%

NYSE CSL opened at $362.95 on Wednesday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91. The stock has a market cap of $14.41 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.14 and a beta of 0.85. The stock's fifty day moving average price is $358.87 and its 200-day moving average price is $358.26. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating the consensus estimate of $6.35 by $0.68. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The company's revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $6.27 earnings per share. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 21.29 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 19th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.10. Carlisle Companies's dividend payout ratio (DPR) is 28.69%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a report on Wednesday, June 24th. DA Davidson began coverage on shares of Carlisle Companies in a report on Monday. They set a "neutral" rating and a $410.00 target price on the stock. Robert W. Baird set a $412.00 target price on shares of Carlisle Companies in a research report on Thursday, July 30th. Finally, Truist Financial decreased their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a "hold" rating for the company in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $402.43.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company's operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.

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