Private Trust Co. NA Acquires 61 Shares of Carlisle Companies Incorporated $CSL

Private Trust Co. NA raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 14.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 472 shares of the conglomerate’s stock after buying an additional 61 shares during the quarter. Private Trust Co. NA’s holdings in Carlisle Companies were worth $176,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GFG Capital LLC bought a new position in Carlisle Companies during the second quarter valued at $25,000. Hemington Wealth Management lifted its holdings in shares of Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares during the last quarter. Dagco Inc. bought a new stake in shares of Carlisle Companies in the 1st quarter worth about $27,000. Costello Asset Management INC bought a new stake in shares of Carlisle Companies in the 2nd quarter worth about $34,000. Finally, MAI Capital Management lifted its holdings in shares of Carlisle Companies by 37.8% in the 1st quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered 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. Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Robert W. Baird reduced their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Truist Financial reduced their price target on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research note on Monday, September 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $390.00.

Carlisle Companies Trading Up 1.6%

NYSE CSL opened at $334.71 on Wednesday. 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 company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. The company’s 50-day simple moving average is $356.53 and its two-hundred day simple moving average is $371.81. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $472.66.

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

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a $1.10 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s dividend payout ratio (DPR) is 24.58%.

About Carlisle Companies

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.