Strs Ohio Takes $17.03 Million Position in Carlisle Companies Incorporated $CSL

Key Points

• Strs Ohio acquired 50,000 shares of Carlisle Companies, INC, valued at approximately $17 million, increasing its stake in the company.
• Carlisle's stock is currently facing a decline, down 7.0%, with shares trading around $364.67.
• The company recently announced an increase in its quarterly dividend, raising it from $1.00 to $1.10 per share.

Strs Ohio purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the conglomerate's stock, valued at approximately $17,025,000. Strs Ohio owned about 0.12% of Carlisle Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dagco Inc. purchased a new position in Carlisle Companies in the first quarter valued at about $27,000. MAI Capital Management raised its stake in 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 buying an additional 34 shares in the last quarter. CX Institutional acquired a new stake in Carlisle Companies during the first quarter valued at approximately $49,000. Wayfinding Financial LLC acquired a new stake in Carlisle Companies during the first quarter valued at approximately $55,000. Finally, Allworth Financial LP raised its stake in 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 buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CSL shares. JPMorgan Chase & Co. started coverage on Carlisle Companies in a research note on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective on the stock. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $450.83.

Carlisle Companies Price Performance

Shares of CSL traded down $16.02 during trading hours on Tuesday, hitting $339.95. 1,099,069 shares of the company were exchanged, compared to its average volume of 464,236. The company has a market capitalization of $14.53 billion, a PE ratio of 18.99, a PEG ratio of 1.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The firm has a fifty day simple moving average of $390.88 and a 200-day simple moving average of $373.56. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26.

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 for the quarter, missing the consensus estimate of $6.67 by ($0.40). The company had revenue of $1.45 billion for 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 prior year, the business earned $6.24 earnings per share. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio is 24.58%.

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.