AMG National Trust Bank Buys Shares of 2,475 Carlisle Companies Incorporated $CSL

AMG National Trust Bank purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,475 shares of the conglomerate’s stock, valued at approximately $826,000.

Other institutional investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new position in Carlisle Companies during the 4th quarter worth $27,000. Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies in the 2nd quarter valued at approximately $36,000. Torren Management LLC purchased a new stake in shares of Carlisle Companies during the 4th quarter worth $33,000. Quarry LP purchased a new stake in shares of Carlisle Companies during the 4th quarter worth approximately $36,000. Finally, Rothschild Investment LLC grew its stake in Carlisle Companies by 3,866.7% in the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

CSL stock opened at $344.53 on Thursday. The company has a 50-day simple moving average of $348.82 and a 200 day simple moving average of $355.41. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $13.94 billion, a P/E ratio of 20.25, a PEG ratio of 1.07 and a beta of 0.85. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92.

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

Carlisle Companies Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on CSL shares. Oppenheimer raised 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. Raymond James Financial started coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Robert W. Baird boosted their price target on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Truist Financial dropped their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $402.14.

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.