Caxton Associates LLP Takes Position in Carlisle Companies Incorporated $CSL

Key Points

• Caxton Associates LLP acquired 4,366 shares of Carlisle Companies, valued at approximately $1.5 million, marking a notable new investment in the firm.
• The company recently experienced mixed analyst ratings, with Wall Street Zen upgrading it to a "hold" while Loop Capital downgraded its rating and target price.
• Carlisle Companies declared a quarterly dividend of $1.10 per share, an increase from the previous $1.00, reflecting a healthy dividend payout ratio of 24.58%.

Caxton Associates LLP acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,366 shares of the conglomerate's stock, valued at approximately $1,487,000.

Several other institutional investors also recently bought and sold shares of CSL. GAMMA Investing LLC increased its stake in Carlisle Companies by 38,164.5% in the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after buying an additional 505,680 shares during the period. Cooke & Bieler LP acquired a new position in Carlisle Companies in the 1st quarter valued at $74,095,000. Pacer Advisors Inc. increased its stake in Carlisle Companies by 1,611.7% in the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock valued at $73,202,000 after buying an additional 202,425 shares during the period. Nuveen LLC acquired a new position in Carlisle Companies in the 1st quarter valued at $62,485,000. Finally, Point72 Asset Management L.P. acquired a new position in Carlisle Companies in the 4th quarter valued at $55,104,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Trading Down 2.7%

NYSE:CSL traded down $9.79 on Monday, reaching $355.87. The stock had a trading volume of 284,135 shares, compared to its average volume of 455,464. The company has a market cap of $15.21 billion, a price-to-earnings ratio of 19.89, a P/E/G 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's fifty day moving average is $391.72 and its two-hundred day moving average is $373.45. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released 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). The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company posted $6.24 earnings per share. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio is currently 24.58%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective on the stock. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their target price for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $450.83.

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.