Glenview Trust Co Purchases 33,544 Shares of Carlisle Companies Incorporated $CSL

Glenview Trust Co raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1,683.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 35,536 shares of the conglomerate’s stock after acquiring an additional 33,544 shares during the quarter. Glenview Trust Co’s holdings in Carlisle Companies were worth $11,690,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at Carlisle Companies

In other news, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the sale, the chief financial officer directly owned 30,094 shares in the company, valued at approximately $12,279,555.76. The trade was a 44.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP David W. Smith sold 1,800 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the completion of the sale, the vice president directly owned 3,697 shares of the company’s stock, valued at $1,530,742.85. This trade represents a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 68,289 shares of company stock valued at $28,125,467. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. William Blair assumed coverage on Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating for the company. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Vertical Research assumed coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Finally, Truist Financial reduced their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Hold” and a consensus target price of $392.50.

Carlisle Companies Price Performance

CSL stock opened at $408.96 on Tuesday. The firm has a 50 day simple moving average of $352.25 and a two-hundred day simple moving average of $346.58. The stock has a market cap of $17.09 billion, a PE ratio of 23.90, a P/E/G ratio of 1.30 and a beta of 0.94. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.47 EPS. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

About Carlisle Companies

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.