First National Bank of Omaha Invests $2.10 Million in Carlisle Companies Incorporated $CSL

First National Bank of Omaha purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,372 shares of the conglomerate’s stock, valued at approximately $2,096,000.

A number of other hedge funds have also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the second quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Carlisle Companies during the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its holdings in Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 58 shares in the last quarter. Traub Capital Management LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter worth about $28,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in shares of Carlisle Companies by 69.6% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. William Blair initiated coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating on the stock. Truist Financial decreased their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Robert W. Baird set a $420.00 price objective on Carlisle Companies in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $392.50.

Insider Activity

In related news, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the transaction, the insider owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. This trade represents a 41.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the sale, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. This trade represents a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 68,289 shares of company stock worth $28,125,467 over the last three months. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $406.59 on Thursday. The stock’s fifty day simple moving average is $355.51 and its 200 day simple moving average is $347.39. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.29 and a beta of 0.94. The company has a quick ratio of 2.62, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.Carlisle Companies’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.47 earnings per share. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

About Carlisle Companies

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.