Carlisle Companies Incorporated $CSL Holdings Increased by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Carlisle Companies by 108.2% in the first quarter, owning 2,898 shares valued at approximately $987,000.
• Carlisle Companies announced a quarterly dividend of $1.10 per share, an increase from the previous dividend of $1.00, reflecting a yield of 1.2%.
• The stock is currently down 2.3% and has a market cap of $16.34 billion, with a reported earnings per share of $6.27, missing the consensus estimate.

Vestmark Advisory Solutions Inc. raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 108.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,898 shares of the conglomerate's stock after acquiring an additional 1,506 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Carlisle Companies were worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its position in shares of Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock worth $3,902,000 after purchasing an additional 2,976 shares during the last quarter. Spire Wealth Management increased its position in Carlisle Companies by 2.8% during the first quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock worth $667,000 after buying an additional 54 shares in the last quarter. CX Institutional acquired a new position in shares of Carlisle Companies in the first quarter worth $49,000. GAMMA Investing LLC lifted its position in shares of Carlisle Companies by 12.4% in the first quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock valued at $507,000 after acquiring an additional 164 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Carlisle Companies by 11.5% during the first quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock valued at $376,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock traded down $2.40 during trading on Thursday, hitting $381.26. 166,372 shares of the stock were exchanged, compared to its average volume of 461,351. 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 Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The stock's fifty day moving average is $386.73 and its 200 day moving average is $369.03. The stock has a market cap of $16.30 billion, a PE ratio of 21.34, a P/E/G ratio of 1.22 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) 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 analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $6.24 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be 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 is Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Carlisle Companies's payout ratio is presently 24.58%.

Wall Street Analysts Forecast Growth

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

About Carlisle Companies

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.