Raymond James Financial Inc. Purchases Shares of 80,901 Carlisle Companies Incorporated (NYSE:CSL)

Raymond James Financial Inc. purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 80,901 shares of the conglomerate’s stock, valued at approximately $29,839,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after buying an additional 70 shares during the last quarter. Quarry LP raised its stake in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares during the last quarter. UMB Bank n.a. raised its stake in Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after buying an additional 67 shares during the last quarter. Huntington National Bank raised its stake in Carlisle Companies by 57.0% in the third quarter. Huntington National Bank now owns 212 shares of the conglomerate’s stock valued at $95,000 after buying an additional 77 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in Carlisle Companies by 291.2% in the third quarter. Private Trust Co. NA now owns 223 shares of the conglomerate’s stock valued at $100,000 after buying an additional 166 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSL has been the topic of a number of research reports. The Goldman Sachs Group cut their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Loop Capital cut their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Oppenheimer reissued an “outperform” rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $476.00.

Insider Buying and Selling

In other news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the sale, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Stock Up 2.9 %

Carlisle Companies stock opened at $335.95 on Friday. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 52 week low of $321.93 and a 52 week high of $481.26. The business’s 50-day moving average price is $362.29 and its 200 day moving average price is $406.03. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter last year, the business earned $4.17 EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is 14.48%.

About Carlisle Companies

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.