Glenview Trust Co Has $11.69 Million Stock Position in Carlisle Companies Incorporated $CSL

Glenview Trust Co lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1,683.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,536 shares of the conglomerate’s stock after purchasing an additional 33,544 shares during the quarter. Glenview Trust Co owned about 0.09% of Carlisle Companies worth $11,690,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new position in Carlisle Companies in the second quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Carlisle Companies in the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Carlisle Companies by 527.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Traub Capital Management LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at $28,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake in Carlisle Companies by 69.6% during the 2nd 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. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of CSL opened at $408.96 on Tuesday. The stock has a 50 day moving average of $352.25 and a 200 day moving average of $346.58. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.30 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.47 EPS. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Truist Financial cut their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Robert W. Baird set a $420.00 price objective on Carlisle Companies in a research note on Wednesday, February 4th. Vertical Research began coverage on Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating on the stock. Finally, Oppenheimer decreased their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and an average target price of $392.50.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 1,800 shares of Carlisle Companies stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the sale, the vice president owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 68,289 shares of company stock valued at $28,125,467 in the last three months. Insiders own 1.40% of the company’s stock.

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.