Amundi Buys 57,952 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Amundi significantly increased its stake in Carlisle Companies Incorporated by 119.3%, acquiring an additional 57,952 shares, bringing its total holdings to 106,534 shares worth approximately $35.5 million.
• Carlisle Companies has recently experienced varied analyst ratings, with four analysts rating it as a Buy, three as Hold, and a consensus price target set at $450.83.
• The company announced an increase in its quarterly dividend, raising it from $1.00 to $1.10 per share, reflecting a 1.1% dividend yield.

Amundi boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 119.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,534 shares of the conglomerate's stock after acquiring an additional 57,952 shares during the period. Amundi owned 0.25% of Carlisle Companies worth $35,530,000 at the end of the most recent quarter.

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

Carlisle Companies Trading Up 3.9%

Shares of Carlisle Companies stock traded up $14.61 during trading on Thursday, hitting $392.46. The stock had a trading volume of 231,213 shares, compared to its average volume of 451,583. The firm's fifty day simple moving average is $392.50 and its 200-day simple moving average is $372.35. The stock has a market cap of $16.78 billion, a PE ratio of 21.92, a PEG ratio of 1.23 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. 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 announced 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business earned $6.24 EPS. The company's quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared 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. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies's payout ratio is presently 24.58%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CSL shares. 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 objective for the company. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $430.00 to $395.00 in a research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.