Trust Point Inc. Has $454,000 Position in Carlisle Companies Incorporated (NYSE:CSL)

Trust Point Inc. raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 17.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,009 shares of the conglomerate’s stock after purchasing an additional 152 shares during the period. Trust Point Inc.’s holdings in Carlisle Companies were worth $454,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in Carlisle Companies in the 3rd quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies in the second quarter worth about $32,000. ORG Partners LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth about $31,000. Gilliland Jeter Wealth Management LLC bought a new stake in Carlisle Companies during the 2nd quarter valued at approximately $39,000. Finally, Sound Income Strategies LLC grew its holdings in Carlisle Companies by 564.7% in the 1st quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock valued at $44,000 after buying an additional 96 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CSL shares. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Oppenheimer restated an “outperform” rating and issued a $480.00 price target (up from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Finally, Robert W. Baird upped their price objective on shares of Carlisle Companies from $500.00 to $506.00 and gave the company an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $470.25.

Carlisle Companies Trading Down 0.3 %

Shares of Carlisle Companies stock opened at $471.00 on Friday. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $481.26. The firm has a market capitalization of $22.42 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The company’s fifty day moving average price is $429.00 and its two-hundred day moving average price is $414.06.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.40. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.18 earnings per share. On average, analysts expect that Carlisle Companies Incorporated will post 20.57 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a $1.00 dividend. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 annualized dividend and a yield of 0.85%. Carlisle Companies’s payout ratio is currently 23.19%.

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.