Truist Financial Corp Boosts Stake in Carlisle Companies Incorporated (NYSE:CSL)

Truist Financial Corp increased its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 362,695 shares of the conglomerate’s stock after purchasing an additional 13,505 shares during the period. Truist Financial Corp’s holdings in Carlisle Companies were worth $133,776,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSL. Franklin Resources Inc. lifted its holdings in Carlisle Companies by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after buying an additional 16,303 shares during the last quarter. FMR LLC boosted its holdings in Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after purchasing an additional 218,002 shares during the period. Geode Capital Management LLC increased its stake in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Carlisle Companies by 14.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock valued at $152,170,000 after purchasing an additional 41,766 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI raised its holdings in shares of Carlisle Companies by 5.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 202,761 shares of the conglomerate’s stock worth $91,192,000 after purchasing an additional 11,023 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Trading Down 0.8 %

Shares of NYSE:CSL opened at $357.83 on Monday. The company has a 50 day moving average of $383.46 and a 200-day moving average of $414.72. The firm has a market cap of $16.22 billion, a P/E ratio of 12.95, a P/E/G ratio of 1.04 and a beta of 0.96. Carlisle Companies Incorporated has a twelve month low of $339.10 and a twelve month high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 33.14%. During the same period last year, the company posted $4.17 earnings per share. As a group, analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSL. Truist Financial began coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Loop Capital reduced their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Finally, Robert W. Baird cut their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares of the company’s stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,475 shares of company stock valued at $541,219. Company insiders own 1.50% of the company’s stock.

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.