Glenview Trust Co Purchases 11,179 Shares of Carlisle Companies Incorporated $CSL

Glenview Trust Co boosted its position in Carlisle Companies Incorporated (NYSE:CSL) by 34.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,231 shares of the conglomerate’s stock after purchasing an additional 11,179 shares during the quarter. Glenview Trust Co’s holdings in Carlisle Companies were worth $14,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CSL. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Carlisle Companies during the fourth quarter worth approximately $76,626,000. SG Americas Securities LLC lifted its holdings in shares of Carlisle Companies by 744.0% in the 4th quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock worth $29,162,000 after acquiring an additional 80,368 shares during the last quarter. Waycross Partners LLC boosted its stake in shares of Carlisle Companies by 35.4% in the 4th quarter. Waycross Partners LLC now owns 54,465 shares of the conglomerate’s stock valued at $17,421,000 after purchasing an additional 14,228 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Carlisle Companies during the 4th quarter valued at $8,582,000. Finally, Marshall Financial Group LLC bought a new position in shares of Carlisle Companies during the 4th quarter valued at $730,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Down 5.2%

Shares of NYSE CSL opened at $327.51 on Tuesday. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The firm’s fifty day moving average is $347.75 and its 200 day moving average is $355.71. The company has a market cap of $13.25 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.09 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.32. The business had revenue of $1.05 billion during 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 firm’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 company posted $3.61 EPS. On average, equities research analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio is 25.87%.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Oppenheimer raised their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Truist Financial reduced their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Raymond James Financial initiated coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Finally, Robert W. Baird dropped their target price on Carlisle Companies from $425.00 to $405.00 and set an “outperform” rating for the company in a report on Monday. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and a consensus price target of $399.29.

Carlisle Companies 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.