Truist Financial Corp grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 4.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,027 shares of the conglomerate’s stock after buying an additional 13,673 shares during the period. Truist Financial Corp owned 0.64% of Carlisle Companies worth $81,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of CSL. Citigroup Inc. lifted its holdings in Carlisle Companies by 48.1% during the 1st quarter. Citigroup Inc. now owns 20,327 shares of the conglomerate’s stock worth $4,998,000 after buying an additional 6,603 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Carlisle Companies by 0.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 29,831 shares of the conglomerate’s stock worth $7,549,000 after buying an additional 176 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in Carlisle Companies by 3.5% during the 1st quarter. Raymond James Trust N.A. now owns 2,160 shares of the conglomerate’s stock worth $531,000 after buying an additional 73 shares during the last quarter. Synovus Financial Corp lifted its holdings in Carlisle Companies by 7.9% during the 1st quarter. Synovus Financial Corp now owns 4,958 shares of the conglomerate’s stock worth $1,206,000 after buying an additional 363 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Carlisle Companies by 23.6% in the 1st quarter. Sei Investments Co. now owns 53,110 shares of the conglomerate’s stock valued at $13,028,000 after purchasing an additional 10,150 shares during the last quarter. 90.70% of the stock is owned by hedge funds and other institutional investors.
Carlisle Companies Stock Performance
NYSE CSL traded down $2.90 on Friday, hitting $347.10. 392,954 shares of the company’s stock were exchanged, compared to its average volume of 301,476. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. The firm’s 50-day moving average price is $323.33 and its two-hundred day moving average price is $288.40. Carlisle Companies Incorporated has a fifty-two week low of $203.65 and a fifty-two week high of $357.78. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 1.27 and a beta of 0.92.
Carlisle Companies (NYSE:CSL – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.70. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $3.92 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. On average, research analysts expect that Carlisle Companies Incorporated will post 18.44 EPS for the current year.
Carlisle Companies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, February 15th. Carlisle Companies’s payout ratio is currently 22.31%.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Robert W. Baird boosted their target price on Carlisle Companies from $350.00 to $354.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $310.67.
Check Out Our Latest Report on Carlisle Companies
Insider Activity at Carlisle Companies
In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the transaction, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP David W. Smith sold 700 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $959,422.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO D Christian Koch sold 6,454 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at $30,114,169.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,255 shares of company stock valued at $5,231,360. 1.30% of the stock is owned by corporate insiders.
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 Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.
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