Royal Bank of Canada Buys 3,504 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Royal Bank of Canada lifted its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,427 shares of the conglomerate's stock after buying an additional 3,504 shares during the quarter. Royal Bank of Canada owned about 0.56% of Carlisle Companies worth $93,474,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its stake in shares of Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock worth $7,695,000 after buying an additional 1,102 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Carlisle Companies by 2.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after buying an additional 38 shares during the period. Mediolanum International Funds Ltd raised its stake in Carlisle Companies by 4.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 27,825 shares of the conglomerate's stock valued at $10,233,000 after purchasing an additional 1,119 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Carlisle Companies by 207.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 6,256 shares of the conglomerate's stock valued at $2,307,000 after purchasing an additional 4,223 shares during the period. Finally, Ritholtz Wealth Management raised its stake in Carlisle Companies by 12.9% during the 4th quarter. Ritholtz Wealth Management now owns 1,303 shares of the conglomerate's stock valued at $481,000 after purchasing an additional 149 shares during the period. Institutional investors own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSL. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Truist Financial decreased their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird lifted their target price on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, StockNews.com raised Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $454.00.

Carlisle Companies Stock Performance

NYSE:CSL opened at $405.75 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The stock's 50 day simple moving average is $359.34 and its two-hundred day simple moving average is $380.52. The company has a market cap of $17.55 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.03 and a beta of 1.07.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $3.72 EPS. The company's revenue was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

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.

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