PNC Financial Services Group Inc. Has $4.04 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

PNC Financial Services Group Inc. lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,971 shares of the conglomerate’s stock after selling 539 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Carlisle Companies were worth $4,035,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CSL. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $6,878,000. Caprock Group LLC acquired a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $355,000. Lindenwold Advisors INC lifted its position in shares of Carlisle Companies by 3.4% in the 3rd quarter. Lindenwold Advisors INC now owns 1,383 shares of the conglomerate’s stock worth $622,000 after purchasing an additional 46 shares during the period. Mawer Investment Management Ltd. lifted its position in shares of Carlisle Companies by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 35,308 shares of the conglomerate’s stock valued at $15,880,000 after acquiring an additional 1,100 shares during the period. Finally, Quest Partners LLC lifted its position in shares of Carlisle Companies by 624.8% during the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock valued at $2,090,000 after acquiring an additional 4,005 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

CSL has been the topic of a number of research reports. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. 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. Oppenheimer boosted their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $472.00.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

CSL opened at $449.65 on Monday. The firm has a market cap of $20.38 billion, a P/E ratio of 15.91, a PEG ratio of 1.45 and a beta of 0.91. The firm has a 50-day moving average of $446.26 and a 200 day moving average of $424.06. 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 fifty-two week low of $272.15 and a fifty-two week high of $481.26.

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

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.89%. Carlisle Companies’s payout ratio is currently 14.15%.

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.