National Bank of Canada FI Has $324,000 Stock Position in Carlisle Companies Incorporated $CSL

Key Points

• National Bank of Canada FI significantly reduced its position in Carlisle Companies by 61.3%, owning only 951 shares after selling 1,504 shares in the first quarter.
• Despite mixed analyst ratings, Carlisle Companies has a consensus rating of "Moderate Buy" with a target price of approximately $450.83.
• The company recently declared a quarterly dividend increase to $1.10 per share, representing a yield of 1.2% and a payout ratio of 24.58%.

National Bank of Canada FI lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 61.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 951 shares of the conglomerate's stock after selling 1,504 shares during the period. National Bank of Canada FI's holdings in Carlisle Companies were worth $324,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSL. GAMMA Investing LLC grew its holdings in Carlisle Companies by 38,164.5% during the first quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock worth $172,635,000 after purchasing an additional 505,680 shares during the period. Cooke & Bieler LP bought a new position in Carlisle Companies during the first quarter worth about $74,095,000. Pacer Advisors Inc. grew its holdings in Carlisle Companies by 1,611.7% during the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock worth $73,202,000 after purchasing an additional 202,425 shares during the period. Point72 Asset Management L.P. bought a new position in Carlisle Companies during the fourth quarter worth about $55,104,000. Finally, TOMS Capital Investment Management LP bought a new position in Carlisle Companies during the fourth quarter worth about $54,219,000. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of NYSE CSL traded down $2.0140 during midday trading on Wednesday, reaching $384.9060. The company's stock had a trading volume of 98,886 shares, compared to its average volume of 462,077. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The business's 50 day moving average price is $386.43 and its two-hundred day moving average price is $368.93. The company has a market cap of $16.46 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.19 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $6.24 earnings per share. The firm's quarterly revenue was down .1% on a year-over-year basis. On average, analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a $1.10 dividend. The ex-dividend date is Tuesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies's dividend payout ratio (DPR) is presently 24.58%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSL. Truist Financial reduced their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective for the company. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, Robert W. Baird boosted 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $450.83.

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.