Carlisle Companies Incorporated $CSL Shares Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 132.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,924 shares of the conglomerate’s stock after acquiring an additional 1,666 shares during the period. First Citizens Bank & Trust Co.’s holdings in Carlisle Companies were worth $1,092,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Carlisle Companies by 35.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate’s stock worth $3,902,000 after acquiring an additional 2,976 shares during the period. Spire Wealth Management lifted its stake in shares of Carlisle Companies by 2.8% in the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate’s stock worth $667,000 after acquiring an additional 54 shares during the period. Blair William & Co. IL acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $223,000. GAMMA Investing LLC lifted its stake in shares of Carlisle Companies by 12.4% in the first quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate’s stock valued at $507,000 after purchasing an additional 164 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Carlisle Companies in the first quarter valued at about $17,025,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CSL shares. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. The Goldman Sachs Group reduced their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Oppenheimer reduced their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $390.00.

Carlisle Companies Price Performance

CSL opened at $339.50 on Friday. The company’s 50 day simple moving average is $353.22 and its 200 day simple moving average is $371.76. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $472.66. The stock has a market capitalization of $14.51 billion, a PE ratio of 18.97, a P/E/G ratio of 1.14 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $6.24 earnings per share. Carlisle Companies’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $1.10 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies’s dividend payout ratio is 24.58%.

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