Covea Finance Has $3.51 Million Position in Carlisle Companies Incorporated $CSL

Key Points

• Covea Finance increased its stake in Carlisle Companies by 56.7% during Q2, holding 9,400 shares valued at approximately $3.51 million.
• Carlisle Companies reported an EPS of $6.27 for the last quarter, missing analysts' estimates of $6.67, with quarterly revenue of $1.45 billion, slightly down from the previous year.
• The company announced an increase in its quarterly dividend from $1.00 to $1.10, reflecting a 1.3% yield and a payout ratio of 24.58%.

Covea Finance lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 56.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,400 shares of the conglomerate's stock after acquiring an additional 3,400 shares during the period. Covea Finance's holdings in Carlisle Companies were worth $3,510,000 at the end of the most recent reporting period.

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

Carlisle Companies Price Performance

NYSE CSL opened at $337.69 on Tuesday. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a market cap of $14.44 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.09 and a beta of 1.05. 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 firm's 50-day simple moving average is $383.37 and its two-hundred day simple moving average is $373.66.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly 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 return on equity of 38.16% and a net margin of 16.12%.The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the company posted $6.24 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. Research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 of this dividend was Tuesday, August 19th. Carlisle Companies's payout ratio is 24.58%.

Analyst Ratings Changes

A number of analysts have commented on CSL shares. Truist Financial decreased their price target on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a research note on Monday. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price target for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $429.17.

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.

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