Canandaigua National Trust Co of Florida Buys 2,029 Shares of Carlisle Companies Incorporated $CSL

Canandaigua National Trust Co of Florida purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 2,029 shares of the conglomerate’s stock, valued at approximately $654,000.

A number of other institutional investors have also made changes to their positions in CSL. Canandaigua National Bank & Trust Co. lifted its stake in Carlisle Companies by 3.7% in the third quarter. Canandaigua National Bank & Trust Co. now owns 7,533 shares of the conglomerate’s stock valued at $2,427,000 after buying an additional 270 shares during the period. Kwmg LLC increased its stake in shares of Carlisle Companies by 2.8% in the 3rd quarter. Kwmg LLC now owns 22,229 shares of the conglomerate’s stock valued at $7,162,000 after acquiring an additional 615 shares during the last quarter. Moody National Bank Trust Division raised its position in shares of Carlisle Companies by 40.5% in the 3rd quarter. Moody National Bank Trust Division now owns 2,479 shares of the conglomerate’s stock valued at $799,000 after acquiring an additional 715 shares during the period. Eastern Bank boosted its stake in Carlisle Companies by 3.2% during the 3rd quarter. Eastern Bank now owns 1,341 shares of the conglomerate’s stock worth $432,000 after acquiring an additional 41 shares during the last quarter. Finally, Rockland Trust Co. grew its holdings in Carlisle Companies by 11.1% during the third quarter. Rockland Trust Co. now owns 1,000 shares of the conglomerate’s stock valued at $322,000 after purchasing an additional 100 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSL has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Carlisle Companies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Truist Financial dropped their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. DA Davidson began coverage on Carlisle Companies in a report on Monday, August 24th. They set a “neutral” rating and a $410.00 target price on the stock. Finally, Robert W. Baird set a $412.00 target price on Carlisle Companies in a research note on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Hold” and an average target price of $402.43.

Carlisle Companies Stock Down 2.2%

CSL stock traded down $7.17 during mid-day trading on Wednesday, hitting $318.57. 422,079 shares of the company were exchanged, compared to its average volume of 479,142. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The firm has a market cap of $12.65 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.04 and a beta of 0.84. The firm’s 50 day simple moving average is $348.47 and its 200 day simple moving average is $347.32. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.27 earnings per share. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were given a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 annualized dividend and a yield of 1.6%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is presently 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and related technologies. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, architectural metals, and other building-envelope solutions. Its products are used in new construction, renovation, and maintenance projects.

Carlisle also develops products for specialized industrial and aerospace applications.