Synovus Financial Corp Buys 1,630 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Synovus Financial Corp increased its stake in Carlisle Companies by 88.7%, acquiring an additional 1,630 shares in the first quarter, bringing their total holdings to 3,467 shares valued at approximately $1,181,000.
• Institutional investors hold 89.52% of Carlisle Companies' stock, with notable transactions including new investments from several firms such as Dagco Inc. and CX Institutional.
• Wall Street analysts have a consensus rating of Moderate Buy for Carlisle Companies, with a price target averaging $450.83, despite Loop Capital's downgrade of their stock rating.

Synovus Financial Corp increased its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 88.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,467 shares of the conglomerate's stock after buying an additional 1,630 shares during the quarter. Synovus Financial Corp's holdings in Carlisle Companies were worth $1,181,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Dagco Inc. bought a new stake in shares of Carlisle Companies in the first quarter worth approximately $27,000. CX Institutional bought a new stake in Carlisle Companies in the 1st quarter worth approximately $49,000. Wayfinding Financial LLC bought a new stake in Carlisle Companies in the 1st quarter worth approximately $55,000. Allworth Financial LP grew its position in Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after purchasing an additional 42 shares during the period. Finally, Harbour Investments Inc. grew its holdings in shares of Carlisle Companies by 277.1% in the first quarter. Harbour Investments Inc. now owns 181 shares of the conglomerate's stock worth $62,000 after acquiring an additional 133 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded down $0.20 during mid-day trading on Friday, reaching $386.13. 268,454 shares of the company traded hands, compared to its average volume of 438,318. The firm has a market cap of $16.51 billion, a PE ratio of 21.57, a PEG ratio of 1.24 and a beta of 1.05. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company's 50 day moving average price is $391.28 and its 200-day moving average price is $370.63. 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 (NYSE:CSL - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.24 earnings per share. On average, equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.1%. The ex-dividend date 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 currently 24.58%.

Wall Street Analysts Forecast Growth

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