Raymond James Financial Inc. Boosts Stock Position in Carlisle Companies Incorporated $CSL

Key Points

• Raymond James Financial Inc. increased its stake in Carlisle Companies by 27.6%, now owning 103,214 shares valued at approximately $35.14 million.
• Carlisle Companies announced a quarterly dividend of $1.10 per share, an increase from the previous $1.00, with an annualized yield of 1.1%.
• JPMorgan Chase & Co. initiated coverage of Carlisle Companies with an "overweight" rating and a price target of $500, indicating strong confidence in the stock's performance.

Raymond James Financial Inc. grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 27.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,214 shares of the conglomerate's stock after buying an additional 22,313 shares during the period. Raymond James Financial Inc. owned 0.24% of Carlisle Companies worth $35,144,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CSL. GAMMA Investing LLC lifted its position 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 valued at $172,635,000 after buying an additional 505,680 shares in the last quarter. Cooke & Bieler LP purchased a new position in shares of Carlisle Companies during the 1st quarter valued at about $74,095,000. Pacer Advisors Inc. lifted its position in shares of Carlisle Companies by 1,611.7% during 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 in the last quarter. Nuveen LLC purchased a new position in shares of Carlisle Companies during the 1st quarter valued at about $62,485,000. Finally, Point72 Asset Management L.P. purchased a new position in Carlisle Companies in the 4th quarter worth approximately $55,104,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

NYSE:CSL opened at $397.7090 on Friday. 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 1 year low of $311.41 and a 1 year high of $481.26. The stock's 50 day simple moving average is $387.86 and its two-hundred day simple moving average is $369.36. The company has a market cap of $17.00 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.25 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $6.24 EPS. The business's revenue was down .1% compared to the same quarter last year. As a group, equities analysts anticipate 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 will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio is presently 24.58%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CSL shares. JPMorgan Chase & Co. started coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target on the stock. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and lowered their price target for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $450.83.

Carlisle Companies Company 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.

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