SeaTown Holdings Pte. Ltd. Acquires 5,000 Shares of Carlisle Companies Incorporated $CSL

Key Points

• SeaTown Holdings Pte. Ltd. has increased its stake in Carlisle Companies by 26.3%, acquiring an additional 5,000 shares and now holds 24,000 shares total, making it the firm's 12th biggest holding.
• Carlisle Companies reported $6.27 EPS for its last quarter, missing expectations by $0.40, with a year-over-year revenue decrease of 0.1%.
• The company recently raised its quarterly dividend from $1.00 to $1.10, reflecting a 1.3% dividend yield and a payout ratio of 24.58%.

SeaTown Holdings Pte. Ltd. boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 26.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,000 shares of the conglomerate's stock after buying an additional 5,000 shares during the period. Carlisle Companies makes up 5.3% of SeaTown Holdings Pte. Ltd.'s investment portfolio, making the stock its 12th biggest holding. SeaTown Holdings Pte. Ltd. owned approximately 0.06% of Carlisle Companies worth $8,962,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Merit Financial Group LLC grew its position in shares of Carlisle Companies by 7.3% in the first quarter. Merit Financial Group LLC now owns 1,843 shares of the conglomerate's stock valued at $627,000 after purchasing an additional 126 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in Carlisle Companies by 12.8% in the 1st quarter. Gateway Investment Advisers LLC now owns 766 shares of the conglomerate's stock worth $261,000 after purchasing an additional 87 shares during the period. UMB Bank n.a. grew its holdings in Carlisle Companies by 73.4% during the 1st quarter. UMB Bank n.a. now owns 326 shares of the conglomerate's stock valued at $111,000 after buying an additional 138 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Carlisle Companies during the first quarter valued at about $225,000. Finally, Park Avenue Securities LLC increased its position in shares of Carlisle Companies by 15.6% during the first quarter. Park Avenue Securities LLC now owns 799 shares of the conglomerate's stock valued at $272,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $328.30 on Tuesday. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The company has a fifty day moving average of $366.46 and a 200-day moving average of $373.22. The company has a market capitalization of $14.03 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.06 and a beta of 1.00. 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 (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the business earned $6.24 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio (DPR) is presently 24.58%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Carlisle Companies in a research report on Saturday, September 27th. Truist Financial lowered their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating on the stock in a research note on Monday, September 22nd. Zacks Research downgraded shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Carlisle Companies presently has a consensus rating of "Hold" and an average target price 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.

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