Equitable Trust Co. Boosts Stock Position in Carlisle Companies Incorporated $CSL

Equitable Trust Co. boosted its position in Carlisle Companies Incorporated (NYSE:CSL) by 121.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,393 shares of the conglomerate’s stock after purchasing an additional 1,859 shares during the quarter. Equitable Trust Co.’s holdings in Carlisle Companies were worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Carlisle Companies in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its stake in Carlisle Companies by 527.3% in 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 during the period. Traub Capital Management LLC acquired a new position in Carlisle Companies in the 2nd quarter valued at $28,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of Carlisle Companies by 69.6% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 32 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carlisle Companies

In related news, insider Stephen Schwar sold 6,049 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the sale, the insider directly owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. This represents a 41.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David W. Smith sold 1,800 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the sale, the vice president owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. This represents a 32.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 68,289 shares of company stock valued at $28,125,467 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Carlisle Companies Price Performance

CSL stock opened at $400.18 on Tuesday. The company has a market cap of $16.36 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average price of $359.91 and a two-hundred day moving average price of $348.33. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92.

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

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, February 17th. Carlisle Companies’s payout ratio is currently 25.72%.

Wall Street Analyst Weigh In

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

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.