Glenview Trust Co grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 8.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 53,927 shares of the conglomerate’s stock after acquiring an additional 4,143 shares during the quarter. Glenview Trust Co owned about 0.14% of Carlisle Companies worth $17,374,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of CSL. Versant Capital Management Inc raised its stake in shares of Carlisle Companies by 71.7% during the third quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 38 shares in the last quarter. Signature Equity Partners LLC grew its position in Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after buying an additional 94 shares in the last quarter. Allied Private Wealth LLC acquired a new position in Carlisle Companies during the 2nd quarter valued at about $33,000. Jones Financial Companies Lllp acquired a new position in Carlisle Companies during the 2nd quarter valued at about $33,000. Finally, Osterweis Capital Management Inc. acquired a new position in Carlisle Companies during the 2nd quarter valued at about $35,000. Institutional investors own 89.52% of the company’s stock.
Carlisle Companies Stock Up 1.0%
NYSE CSL opened at $375.21 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The company’s 50 day simple moving average is $337.02 and its 200 day simple moving average is $352.53. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91. The company has a market capitalization of $14.90 billion, a P/E ratio of 21.21, a PEG ratio of 1.17 and a beta of 0.84.
Carlisle Companies (NYSE:CSL – Get Free Report) last announced its earnings results on Wednesday, October 28th. The conglomerate reported $5.92 EPS for the quarter, beating the consensus estimate of $5.89 by $0.03. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. Carlisle Companies had a return on equity of 49.35% and a net margin of 13.78%. Carlisle Companies’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.61 earnings per share. Equities research analysts expect that Carlisle Companies Incorporated will post 21.14 earnings per share for the current fiscal year.
Carlisle Companies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, August 19th. Carlisle Companies’s dividend payout ratio is presently 28.26%.
Analysts Set New Price Targets
A number of analysts have commented on CSL shares. Robert W. Baird set a $410.00 price target on shares of Carlisle Companies in a research report on Thursday. Truist Financial decreased their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. DA Davidson set a $355.00 price objective on shares of Carlisle Companies in a research note on Friday, October 9th. Finally, Weiss Ratings upgraded shares of Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $395.83.
Read Our Latest Research Report on CSL
About Carlisle Companies
Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.
Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.
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