Carlisle Companies Incorporated (NYSE:CSL) Stake Increased by M&T Bank Corp

M&T Bank Corp increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,263 shares of the conglomerate’s stock after buying an additional 54 shares during the quarter. M&T Bank Corp’s holdings in Carlisle Companies were worth $1,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CSL. Barclays PLC increased its holdings in shares of Carlisle Companies by 31.3% in the 3rd quarter. Barclays PLC now owns 60,920 shares of the conglomerate’s stock valued at $27,399,000 after purchasing an additional 14,526 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Carlisle Companies by 11.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 21,326 shares of the conglomerate’s stock valued at $9,591,000 after purchasing an additional 2,231 shares in the last quarter. MML Investors Services LLC increased its stake in Carlisle Companies by 17.1% in the 3rd quarter. MML Investors Services LLC now owns 2,605 shares of the conglomerate’s stock valued at $1,171,000 after buying an additional 381 shares during the period. Main Management ETF Advisors LLC purchased a new stake in Carlisle Companies in the 3rd quarter worth approximately $1,047,000. Finally, Zurich Insurance Group Ltd FI boosted its stake in shares of Carlisle Companies by 5.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 202,761 shares of the conglomerate’s stock valued at $91,192,000 after buying an additional 11,023 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated 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 directly owns 2,834 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Down 0.9 %

Shares of CSL stock opened at $420.03 on Friday. The stock has a market cap of $19.04 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock has a fifty day moving average price of $447.26 and a 200 day moving average price of $426.33. Carlisle Companies Incorporated has a one year low of $297.25 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.68 earnings per share. Analysts predict that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.95%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Truist Financial began coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Robert W. Baird reduced their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Oppenheimer boosted their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and an average target price of $472.00.

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.