Groupe la Francaise Raises Stock Position in Carlisle Companies Incorporated $CSL

Key Points

• Groupe la Francaise increased its stake in Carlisle Companies by 48.7% in the first quarter, owning 5,704 shares valued at approximately $1,994,000.
• Recent analyst ratings for Carlisle Companies include a downgrade from Loop Capital and an upgrade to a "hold" rating from Wall Street Zen, contributing to an average rating of "Moderate Buy" with a target price of $450.83.
• Carlisle Companies announced a quarterly dividend increase to $1.10, up from $1.00, reflecting a 1.1% yield and a payout ratio of 24.58%.

Groupe la Francaise lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 48.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,704 shares of the conglomerate's stock after purchasing an additional 1,869 shares during the period. Groupe la Francaise's holdings in Carlisle Companies were worth $1,994,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in Carlisle Companies by 4.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock valued at $394,244,000 after buying an additional 49,102 shares during the last quarter. Madison Asset Management LLC lifted 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 worth $175,403,000 after acquiring an additional 113,312 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Carlisle Companies by 38,164.5% during the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock worth $172,635,000 after acquiring an additional 505,680 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Carlisle Companies by 8.4% during the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate's stock worth $171,880,000 after acquiring an additional 39,329 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Carlisle Companies by 11.3% in 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 during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CSL shares. JPMorgan Chase & Co. began 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 for the company. Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $450.83.

Carlisle Companies Stock Performance

NYSE CSL traded down $4.07 during trading hours on Thursday, reaching $386.25. 223,123 shares of the company were exchanged, compared to its average volume of 457,006. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The business's 50 day simple moving average is $390.01 and its 200-day simple moving average is $370.10. 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 stock has a market capitalization of $16.51 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.26 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.24 EPS. On average, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a dividend of $1.10 per share. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 19th. Carlisle Companies's dividend payout ratio is presently 24.58%.

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.