Bank of New York Mellon Corp Buys 558,710 Shares of Carlisle Companies Incorporated $CSL

Bank of New York Mellon Corp grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 113.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,049,039 shares of the conglomerate’s stock after purchasing an additional 558,710 shares during the quarter. Bank of New York Mellon Corp’s holdings in Carlisle Companies were worth $345,092,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. GFG Capital LLC bought a new stake in Carlisle Companies during the 2nd quarter valued at $25,000. Hemington Wealth Management grew its holdings in Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the second quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Carlisle Companies during the second quarter valued at about $25,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Carlisle Companies by 527.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 58 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSL has been the topic of a number of research analyst reports. Truist Financial reduced their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. cut their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Oppenheimer decreased their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Robert W. Baird dropped their price target on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Finally, Vertical Research started coverage on shares of Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Hold” and a consensus target price of $386.67.

Carlisle Companies Trading Up 0.1%

NYSE CSL opened at $341.36 on Friday. The firm has a market capitalization of $14.27 billion, a PE ratio of 19.36, a P/E/G ratio of 1.06 and a beta of 0.95. The stock’s 50 day moving average is $334.16 and its 200 day moving average is $349.00. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating the consensus estimate of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.78 earnings per share. Research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s payout ratio is presently 24.96%.

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.