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

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

Other large investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new stake in Carlisle Companies in the fourth quarter worth $27,000. Osterweis Capital Management Inc. bought a new position in Carlisle Companies in the 2nd quarter worth approximately $36,000. Torren Management LLC acquired a new position in Carlisle Companies during the 4th quarter valued at $33,000. Quarry LP acquired a new position in shares of Carlisle Companies during the fourth quarter valued at about $36,000. Finally, Rothschild Investment LLC raised its holdings 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 in the last quarter. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Truist Financial decreased their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Finally, Raymond James Financial initiated coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and an average price target of $402.14.

Carlisle Companies Price Performance

NYSE CSL opened at $344.53 on Thursday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The business has a 50 day simple moving average of $348.82 and a 200 day simple moving average of $355.41. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.07 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm posted $3.61 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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

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.