Trust Point Inc. Acquires 152 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Trust Point Inc. boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 17.7% during the third quarter, Holdings Channel reports. The fund owned 1,009 shares of the conglomerate’s stock after acquiring an additional 152 shares during the period. Trust Point Inc.’s holdings in Carlisle Companies were worth $454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new position in shares of Carlisle Companies during the second quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Carlisle Companies in the 2nd quarter worth approximately $32,000. ORG Wealth Partners LLC acquired a new position in Carlisle Companies during the 3rd quarter worth $32,000. Gilliland Jeter Wealth Management LLC bought a new position in Carlisle Companies in the 2nd quarter valued at $39,000. Finally, Sound Income Strategies LLC increased its stake in shares of Carlisle Companies by 564.7% in the 1st quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock valued at $44,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP David W. Smith sold 600 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Carlisle Companies news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

NYSE CSL opened at $471.00 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.52 and a beta of 0.91. The business has a 50 day simple moving average of $429.00 and a 200 day simple moving average of $414.06. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $5.18 earnings per share. Analysts anticipate that Carlisle Companies Incorporated will post 20.57 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $1.00 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 annualized dividend and a yield of 0.85%. Carlisle Companies’s payout ratio is presently 23.19%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Robert W. Baird boosted their price objective on Carlisle Companies from $500.00 to $506.00 and gave the stock an “outperform” rating in a report on Tuesday. Oppenheimer reissued an “outperform” rating and set a $480.00 price objective (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Finally, StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average target price of $470.25.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.