Carlisle Companies Incorporated $CSL Shares Purchased by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp increased its stock holdings in Carlisle Companies Incorporated by 462.3%, owning 4,234 shares valued at approximately $1.44 million as of the latest reporting period.
• Shares of Carlisle Companies have declined 7.0% recently, with the stock opening at $364.67 and a market capitalization of $15.59 billion.
• The company recently declared a quarterly dividend of $1.10 per share, marking an increase from the previous dividend of $1.00, with a 1.2% dividend yield.

Jones Financial Companies Lllp grew its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 462.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,234 shares of the conglomerate's stock after purchasing an additional 3,481 shares during the quarter. Jones Financial Companies Lllp's holdings in Carlisle Companies were worth $1,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dagco Inc. purchased a new position in Carlisle Companies in the first quarter worth $27,000. MAI Capital Management grew its holdings in Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock worth $42,000 after purchasing an additional 34 shares during the last quarter. CX Institutional purchased a new position in Carlisle Companies in the first quarter worth $49,000. Wayfinding Financial LLC purchased a new position in Carlisle Companies in the first quarter worth $55,000. Finally, Allworth Financial LP grew its holdings in Carlisle Companies by 32.8% in the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after purchasing an additional 42 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CSL shares. JPMorgan Chase & Co. started coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They set 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 dropped their price objective for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded down $16.02 during trading hours on Tuesday, reaching $339.95. The stock had a trading volume of 1,099,069 shares, compared to its average volume of 464,236. The stock's 50 day moving average is $390.88 and its 200 day moving average is $373.56. The firm has a market capitalization of $14.53 billion, a PE ratio of 18.99, a PEG ratio of 1.17 and a beta of 1.05. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued 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). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The company's revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $6.24 EPS. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. Carlisle Companies's payout ratio is currently 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.