Commerce Bank Raises Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Commerce Bank grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 23.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,847 shares of the conglomerate’s stock after acquiring an additional 2,034 shares during the quarter. Commerce Bank’s holdings in Carlisle Companies were worth $4,878,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies during the 3rd quarter valued at $25,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Carlisle Companies in the 2nd quarter worth about $32,000. ORG Partners LLC purchased a new position in Carlisle Companies during the 2nd quarter valued at $31,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Carlisle Companies in the 2nd quarter worth about $39,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $441.52 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock’s 50 day simple moving average is $445.49 and its 200-day simple moving average is $423.51. The company has a market cap of $20.01 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. Carlisle Companies Incorporated has a 1-year low of $272.15 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $4.68 EPS. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird reduced 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 note on Friday, October 25th. Oppenheimer increased their price target on 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 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 note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $472.00.

Carlisle Companies Company 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.