Voya Investment Management LLC Grows Position in Carlisle Companies Incorporated $CSL

Key Points

• Voya Investment Management LLC increased its stake in Carlisle Companies by 26.6%, acquiring an additional 6,345 shares in the first quarter, and now owns about 0.07% of the company worth approximately $10.28 million.
• Carlisle Companies' quarterly earnings reported an EPS of $6.27, which missed estimates by $0.40, while revenue was slightly down compared to the prior year.
• The company declared a quarterly dividend increase to $1.10 per share, reflecting a 1.3% yield, up from the previous dividend of $1.00.

Voya Investment Management LLC grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,188 shares of the conglomerate's stock after purchasing an additional 6,345 shares during the quarter. Voya Investment Management LLC owned approximately 0.07% of Carlisle Companies worth $10,279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC raised its holdings in shares of Carlisle Companies by 2.1% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock worth $506,000 after acquiring an additional 31 shares during the period. MAI Capital Management raised its holdings in shares of 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. EverSource Wealth Advisors LLC raised its holdings in shares of Carlisle Companies by 1.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,783 shares of the conglomerate's stock worth $948,000 after acquiring an additional 35 shares during the period. Net Worth Advisory Group raised its holdings in shares of Carlisle Companies by 2.8% during the 1st quarter. Net Worth Advisory Group now owns 1,517 shares of the conglomerate's stock worth $517,000 after acquiring an additional 41 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Up 1.9%

CSL traded up $6.44 on Friday, reaching $337.94. The company's stock had a trading volume of 1,418,604 shares, compared to its average volume of 490,266. The stock has a 50 day moving average of $384.90 and a two-hundred day moving average of $373.12. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 1.06 and a beta of 1.05. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the firm posted $6.24 EPS. Carlisle Companies's quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a $1.10 dividend. 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 yield of 1.3%. The ex-dividend date was Tuesday, August 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 24.58%.

Analyst Ratings Changes

CSL has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a report on Wednesday. Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price target for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Carlisle Companies has a consensus rating of "Moderate Buy" and an average price target of $435.83.

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.