Motley Fool Asset Management LLC Boosts Stock Holdings in Carlisle Companies Incorporated $CSL

Motley Fool Asset Management LLC grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 46.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,531 shares of the conglomerate’s stock after buying an additional 3,639 shares during the period. Motley Fool Asset Management LLC’s holdings in Carlisle Companies were worth $4,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Carlisle Companies by 11.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after purchasing an additional 130,235 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Carlisle Companies by 26.7% during the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock valued at $238,791,000 after purchasing an additional 134,718 shares in the last quarter. Madison Asset Management LLC increased its holdings in shares of Carlisle Companies by 28.2% during the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock valued at $175,403,000 after purchasing an additional 113,312 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Carlisle Companies by 11.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock valued at $170,017,000 after purchasing an additional 50,578 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Carlisle Companies by 1.4% during the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock valued at $168,737,000 after purchasing an additional 6,948 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $338.84 on Tuesday. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $472.66. 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 firm has a fifty day moving average of $352.41 and a 200 day moving average of $372.32. The firm has a market cap of $14.49 billion, a PE ratio of 18.93, a PEG ratio of 1.14 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $6.24 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid 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 yield of 1.3%. Carlisle Companies’s dividend payout ratio is presently 24.58%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Oppenheimer cut their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, October 8th. Robert W. Baird cut their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a report on Monday, October 13th. Finally, The Goldman Sachs Group cut their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and a consensus price target of $390.00.

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.