UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 33,921 Shares of Carlisle Companies Incorporated $CSL

Key Points

• UBS AM increased its holdings in Carlisle Companies by 9.8% during the first quarter, acquiring an additional 33,921 shares, bringing its total to 381,206 shares, valued at approximately $129.8 million.
• Following a missed earnings estimate and slight revenue decline, Carlisle Companies reported earnings of $6.27 per share against an expected $6.67.
• Carlisle Companies announced a quarterly dividend increase from $1.00 to $1.10 per share, translating to an annualized dividend yield of 1.2%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,206 shares of the conglomerate's stock after buying an additional 33,921 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.88% of Carlisle Companies worth $129,801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Dagco Inc. purchased a new stake in Carlisle Companies during the 1st quarter valued at about $27,000. MAI Capital Management raised its stake in Carlisle Companies by 37.8% during the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock worth $42,000 after acquiring an additional 34 shares during the period. CX Institutional bought a new stake in Carlisle Companies during the 1st quarter worth approximately $49,000. Wayfinding Financial LLC bought a new stake in Carlisle Companies during the 1st quarter worth approximately $55,000. Finally, Allworth Financial LP raised its position in shares of 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 during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CSL. JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 target price for the company. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and lowered their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Stock Down 7.0%

NYSE CSL opened at $364.67 on Friday. The business has a fifty day moving average price of $391.72 and a 200 day moving average price of $372.94. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The company has a market cap of $15.59 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.26 and a beta of 1.05.

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). The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations 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 for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.24 earnings per share. Research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a dividend of $1.10 per share. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies's dividend payout ratio is 24.58%.

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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