Carlisle Companies Incorporated $CSL Position Raised by Glenview Trust Co

Glenview Trust Co increased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,927 shares of the conglomerate’s stock after purchasing an additional 4,143 shares during the period. Glenview Trust Co’s holdings in Carlisle Companies were worth $17,374,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. BOKF NA lifted its position in shares of Carlisle Companies by 4.1% in the third quarter. BOKF NA now owns 5,357 shares of the conglomerate’s stock worth $1,726,000 after buying an additional 209 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Carlisle Companies by 3.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,654 shares of the conglomerate’s stock worth $6,010,000 after acquiring an additional 566 shares in the last quarter. Peterson Wealth Services acquired a new position in shares of Carlisle Companies during the 3rd quarter valued at about $275,000. Viewpoint Investment Partners Corp increased its holdings in shares of Carlisle Companies by 28.6% during the 3rd quarter. Viewpoint Investment Partners Corp now owns 900 shares of the conglomerate’s stock valued at $290,000 after acquiring an additional 200 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Carlisle Companies by 19.2% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 212,610 shares of the conglomerate’s stock valued at $68,497,000 after acquiring an additional 34,280 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSL has been the topic of a number of recent analyst reports. Robert W. Baird set a $410.00 price objective on Carlisle Companies in a research note on Thursday. DA Davidson set a $355.00 target price on Carlisle Companies in a research report on Friday, October 9th. Weiss Ratings upgraded Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Finally, Truist Financial dropped their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $395.83.

Carlisle Companies Stock Performance

Shares of CSL opened at $375.21 on Friday. The company has a market capitalization of $14.90 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.17 and a beta of 0.84. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The company’s fifty day moving average price is $337.02 and its 200 day moving average price is $352.53.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.89 by $0.03. Carlisle Companies had a net margin of 13.78% and a return on equity of 49.35%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company earned $5.61 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Carlisle Companies Incorporated will post 21.14 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders 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 1.3%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is presently 28.26%.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.