Rathbones Group PLC Has $2.72 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Rathbones Group PLC has reduced its stake in Carlisle Companies by 20%, selling 2,000 shares and now holding 8,000 shares valued at $2.72 million.
• Carlisle Companies reported a miss in earnings for the last quarter, with EPS of $6.27 compared to the consensus estimate of $6.67, alongside a revenue of $1.45 billion.
• The company announced an increase in its quarterly dividend from $1.00 to $1.10 per share, with a dividend yield of 1.1%.

Rathbones Group PLC decreased its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,000 shares of the conglomerate's stock after selling 2,000 shares during the quarter. Rathbones Group PLC's holdings in Carlisle Companies were worth $2,724,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in shares of Carlisle Companies by 13.0% in the 1st quarter. HighTower Advisors LLC now owns 23,253 shares of the conglomerate's stock valued at $7,918,000 after purchasing an additional 2,684 shares during the last quarter. Motley Fool Asset Management LLC acquired a new position in Carlisle Companies during the first quarter worth $2,687,000. CCM Investment Group LLC acquired a new position in Carlisle Companies during the first quarter worth $1,433,000. Nuveen LLC acquired a new position in Carlisle Companies during the first quarter worth $62,485,000. Finally, Covestor Ltd increased its position in Carlisle Companies by 35.5% during the first quarter. Covestor Ltd now owns 286 shares of the conglomerate's stock worth $98,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price on the stock. Robert W. Baird increased their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Truist Financial decreased their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price target for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $450.83.

Carlisle Companies Stock Performance

NYSE:CSL opened at $399.95 on Thursday. The stock has a market capitalization of $17.10 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.21 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 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 $385.93 and a 200-day moving average of $369.32.

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 for the quarter, missing the consensus estimate of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.24 EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, August 19th. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend 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.

Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Companies Incorporated (NYSE:CSL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.