Bank of Montreal Can Has $51.09 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Bank of Montreal Can reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,908 shares of the conglomerate’s stock after selling 332 shares during the quarter. Bank of Montreal Can’s holdings in Carlisle Companies were worth $51,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CSL. Truist Financial Corp raised its position in Carlisle Companies by 0.8% in the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock worth $135,438,000 after purchasing an additional 2,545 shares during the last quarter. TD Asset Management Inc raised its position in Carlisle Companies by 2,073.5% in the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after purchasing an additional 268,685 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in Carlisle Companies by 2.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock worth $94,886,000 after purchasing an additional 6,613 shares during the last quarter. Zurich Insurance Group Ltd FI raised its position in Carlisle Companies by 1.9% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 191,738 shares of the conglomerate’s stock worth $77,694,000 after purchasing an additional 3,504 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Carlisle Companies by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock worth $71,375,000 after purchasing an additional 4,017 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on CSL. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Oppenheimer boosted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus price target of $472.00.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $457.73 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a 52 week low of $272.15 and a 52 week high of $481.26. The firm has a fifty day moving average of $448.11 and a two-hundred day moving average of $424.74. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.55 and a beta of 0.91.

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

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Insider Activity at Carlisle Companies

In related 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 value of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies 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.