Bank of New York Mellon Corp Raises Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Bank of New York Mellon Corp grew its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 386,221 shares of the conglomerate's stock after purchasing an additional 4,453 shares during the period. Bank of New York Mellon Corp owned approximately 0.89% of Carlisle Companies worth $131,508,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CSL. TD Private Client Wealth LLC increased its holdings in shares of Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 57 shares during the period. CX Institutional acquired a new position in Carlisle Companies during the first quarter worth $49,000. GeoWealth Management LLC grew its holdings in Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after acquiring an additional 29 shares during the period. Wayfinding Financial LLC acquired a new position in Carlisle Companies during the first quarter worth $55,000. Finally, Farther Finance Advisors LLC grew its holdings in Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Price Performance

CSL traded down $3.36 during trading on Friday, reaching $412.59. 364,309 shares of the stock were exchanged, compared to its average volume of 401,031. The business's 50 day moving average price is $384.80 and its two-hundred day moving average price is $367.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69. The company has a market capitalization of $17.84 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 1.24 and a beta of 1.03. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping analysts' consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. Carlisle Companies's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.72 earnings per share. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.00 dividend. The ex-dividend date was Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 0.97%. Carlisle Companies's dividend payout ratio is currently 14.89%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Robert W. Baird upped their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Truist Financial dropped their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective on the stock. Finally, Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $461.67.

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.