Glenview Trust Co Trims Holdings in Carlisle Companies Incorporated $CSL

Glenview Trust Co cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,052 shares of the conglomerate’s stock after selling 3,484 shares during the quarter. Glenview Trust Co’s holdings in Carlisle Companies were worth $10,252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bridges Investment Management Inc. grew its position in shares of Carlisle Companies by 221.3% in the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after buying an additional 102,014 shares during the period. Envestnet Asset Management Inc. boosted its stake in Carlisle Companies by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after purchasing an additional 8,701 shares in the last quarter. Citigroup Inc. boosted its stake in Carlisle Companies by 51.8% in the 3rd quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after purchasing an additional 9,673 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in Carlisle Companies in the 3rd quarter worth about $540,000. Finally, M&G PLC bought a new position in Carlisle Companies in the 3rd quarter worth about $11,913,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

CSL opened at $334.18 on Monday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The stock has a market capitalization of $13.52 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.05 and a beta of 0.88. The company’s 50-day simple moving average is $344.71 and its two-hundred day simple moving average is $347.27. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.32. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.61 EPS. As a group, analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $1.10 per share. The ex-dividend date is Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is currently 25.87%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSL. Oppenheimer upped their price target on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Robert W. Baird upped their price target on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Truist Financial upped their price target on shares of Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, Raymond James Financial began coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.