Carlisle Companies Incorporated $CSL Shares Acquired by Equitable Trust Co.

Equitable Trust Co. increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 121.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,393 shares of the conglomerate’s stock after buying an additional 1,859 shares during the quarter. Equitable Trust Co.’s holdings in Carlisle Companies were worth $1,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of Carlisle Companies by 36.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after purchasing an additional 28,414 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Carlisle Companies by 527.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 58 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Carlisle Companies by 2.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 93,443 shares of the conglomerate’s stock valued at $34,892,000 after buying an additional 2,534 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in Carlisle Companies in the 2nd quarter valued at $202,000. Finally, Resonant Capital Advisors LLC raised its position in Carlisle Companies by 22.3% during the 2nd quarter. Resonant Capital Advisors LLC now owns 998 shares of the conglomerate’s stock worth $373,000 after buying an additional 182 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 24,180 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the sale, the chief financial officer owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David W. Smith sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total transaction of $745,290.00. Following the transaction, the vice president directly owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. This trade represents a 32.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 68,289 shares of company stock worth $28,125,467. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

CSL has been the topic of a number of recent analyst reports. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research note on Wednesday, February 4th. JPMorgan Chase & Co. dropped their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Truist Financial cut their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Finally, William Blair began coverage on Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $392.50.

Carlisle Companies Stock Performance

NYSE CSL opened at $400.18 on Tuesday. The business has a 50 day moving average price of $359.91 and a 200 day moving average price of $348.33. The company has a market capitalization of $16.36 billion, a P/E ratio of 23.39, a PEG ratio of 1.30 and a beta of 0.94. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.30. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.Carlisle Companies’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.47 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.