Commerce Bank Boosts Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Commerce Bank lifted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 23.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,847 shares of the conglomerate’s stock after purchasing an additional 2,034 shares during the period. Commerce Bank’s holdings in Carlisle Companies were worth $4,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSL. Silver Lake Advisory LLC acquired a new position in shares of Carlisle Companies during the second quarter worth about $608,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Carlisle Companies by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock valued at $17,391,000 after purchasing an additional 1,429 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of Carlisle Companies by 44.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after purchasing an additional 17,472 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Carlisle Companies by 188.0% during the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock worth $3,235,000 after purchasing an additional 5,389 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Carlisle Companies by 292.7% in the second quarter. Harbor Capital Advisors Inc. now owns 2,619 shares of the conglomerate’s stock valued at $1,061,000 after buying an additional 1,952 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSL has been the subject of several analyst reports. Oppenheimer upped their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial began coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Robert W. Baird dropped their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $472.00.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Carlisle Companies Price Performance

CSL stock opened at $441.52 on Friday. The business has a 50 day simple moving average of $445.49 and a 200-day simple moving average of $423.51. The company has a market capitalization of $20.01 billion, a P/E ratio of 15.62, a PEG ratio of 1.43 and a beta of 0.91. Carlisle Companies Incorporated has a twelve month low of $272.15 and a twelve month high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business posted $4.68 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio is presently 14.15%.

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.