TIAA Trust National Association Makes New $1.44 Million Investment in Carlisle Companies Incorporated $CSL

TIAA Trust National Association purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,848 shares of the conglomerate’s stock, valued at approximately $1,437,000.

Other large investors have also recently modified their holdings of the company. GFG Capital LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter valued at about $25,000. Hemington Wealth Management boosted its position in shares of Carlisle Companies by 61.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 26 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 58 shares during the last quarter. Dagco Inc. purchased a new stake in shares of Carlisle Companies during the 1st quarter valued at $27,000. Finally, Costello Asset Management INC purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at $34,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $326.62 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $472.66. The stock has a 50 day moving average price of $345.18 and a two-hundred day moving average price of $371.60. The company has a market capitalization of $13.96 billion, a P/E ratio of 18.53, a PEG ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $5.78 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. Analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 14th. Carlisle Companies’s dividend payout ratio is currently 24.96%.

Analyst Ratings Changes

CSL has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Carlisle Companies in a research report on Thursday, October 30th. Vertical Research assumed coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating on the stock. Truist Financial dropped their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Robert W. Baird dropped their target price on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. dropped their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $386.67.

About Carlisle Companies

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.