2,029 Shares of Carlisle Companies Incorporated $CSL Bought by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 2,029 shares of the conglomerate’s stock, valued at approximately $654,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nykredit A S bought a new stake in Carlisle Companies during the second quarter worth about $2,747,000. Empowered Funds LLC bought a new position in shares of Carlisle Companies in the second quarter valued at approximately $1,914,000. Squarepoint Ops LLC boosted its holdings in shares of Carlisle Companies by 28.8% in the 2nd quarter. Squarepoint Ops LLC now owns 47,679 shares of the conglomerate’s stock worth $17,296,000 after acquiring an additional 10,653 shares in the last quarter. Legal & General Group Plc bought a new stake in Carlisle Companies during the 2nd quarter worth approximately $49,811,000. Finally, SEB Asset Management AB bought a new stake in Carlisle Companies during the 1st quarter worth approximately $6,783,000. 89.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSL has been the subject of several research analyst reports. Weiss Ratings downgraded Carlisle Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Robert W. Baird set a $412.00 price target on Carlisle Companies in a report on Thursday, July 30th. DA Davidson began coverage on shares of Carlisle Companies in a report on Monday, August 24th. They set a “neutral” rating and a $410.00 price objective on the stock. Finally, Truist Financial dropped their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $402.43.

Carlisle Companies Trading Down 2.2%

Shares of CSL stock traded down $7.17 on Wednesday, reaching $318.57. 422,079 shares of the stock were exchanged, compared to its average volume of 479,142. 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 stock has a market cap of $12.65 billion, a PE ratio of 18.28, a P/E/G ratio of 1.04 and a beta of 0.84. The stock has a 50 day moving average price of $348.47 and a 200 day moving average price of $347.32.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $6.27 earnings per share. Equities research analysts forecast that Carlisle Companies Incorporated will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were paid a $1.25 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. Carlisle Companies’s payout ratio is 28.69%.

Carlisle Companies Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and related technologies. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, architectural metals, and other building-envelope solutions. Its products are used in new construction, renovation, and maintenance projects.

Carlisle also develops products for specialized industrial and aerospace applications.