Bank of Montreal Can Boosts Stake in Carlisle Companies Incorporated $CSL

Bank of Montreal Can grew its stake in Carlisle Companies Incorporated (NYSE:CSL) by 12.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 128,860 shares of the conglomerate’s stock after buying an additional 14,371 shares during the period. Bank of Montreal Can’s holdings in Carlisle Companies were worth $48,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSL. OneDigital Investment Advisors LLC raised its holdings in shares of Carlisle Companies by 348.4% in the first quarter. OneDigital Investment Advisors LLC now owns 2,861 shares of the conglomerate’s stock worth $974,000 after buying an additional 2,223 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Carlisle Companies by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 386,221 shares of the conglomerate’s stock worth $131,508,000 after purchasing an additional 4,453 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Carlisle Companies by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 200,823 shares of the conglomerate’s stock worth $68,380,000 after purchasing an additional 17,667 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Carlisle Companies by 2.0% during the first quarter. Brown Advisory Inc. now owns 23,876 shares of the conglomerate’s stock worth $8,130,000 after purchasing an additional 459 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Carlisle Companies by 5.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 12,416 shares of the conglomerate’s stock worth $4,207,000 after purchasing an additional 672 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

CSL has been the subject of several recent research reports. The Goldman Sachs Group reduced their target price on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Oppenheimer reduced their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Robert W. Baird reduced their target price on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a report on Monday, October 13th. Truist Financial reduced their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Carlisle Companies in a report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and an average price target of $386.67.

Carlisle Companies Stock Up 0.8%

CSL stock opened at $329.72 on Thursday. The firm has a market cap of $14.10 billion, a PE ratio of 18.70, a P/E/G ratio of 1.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The firm’s fifty day moving average is $343.96 and its 200 day moving average is $371.31. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $472.66.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating the consensus estimate of $5.47 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $5.78 earnings per share. Carlisle Companies has set its FY 2025 guidance at EPS. On average, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is 24.96%.

Carlisle Companies 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 the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.