Raymond James & Associates Has $10.08 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Raymond James & Associates raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 15.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,868 shares of the conglomerate’s stock after purchasing an additional 3,272 shares during the period. Raymond James & Associates owned approximately 0.05% of Carlisle Companies worth $10,077,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Carlisle Companies in the 4th quarter valued at $31,000. ORG Partners LLC bought a new stake in shares of Carlisle Companies in the second quarter worth about $31,000. Principal Securities Inc. acquired a new stake in shares of Carlisle Companies during the fourth quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies during the 2nd quarter valued at about $32,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Carlisle Companies by 38.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock valued at $43,000 after purchasing an additional 3,815 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 2.9 %

NYSE:CSL opened at $422.76 on Monday. The stock has a 50-day simple moving average of $410.86 and a 200 day simple moving average of $394.13. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $443.87. The company has a market cap of $20.12 billion, a PE ratio of 24.51, a PEG ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $5.18 earnings per share. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 20.58 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 3rd. Shareholders of record on Tuesday, August 20th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a yield of 0.95%. Carlisle Companies’s payout ratio is 23.19%.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David W. Smith sold 600 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird lifted their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and an average target price of $423.00.

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.