Carlisle Companies Incorporated (NYSE:CSL) Shares Bought by Truist Financial Corp

Truist Financial Corp grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 382,485 shares of the conglomerate's stock after purchasing an additional 19,790 shares during the period. Truist Financial Corp owned approximately 0.88% of Carlisle Companies worth $130,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Metis Global Partners LLC lifted its position in Carlisle Companies by 6.4% during the 4th quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate's stock worth $238,000 after acquiring an additional 39 shares during the period. Jones Financial Companies Lllp lifted its position in Carlisle Companies by 118.3% during the 4th quarter. Jones Financial Companies Lllp now owns 753 shares of the conglomerate's stock worth $278,000 after acquiring an additional 408 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Carlisle Companies by 1.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,400 shares of the conglomerate's stock worth $2,729,000 after acquiring an additional 132 shares during the period. Keybank National Association OH lifted its position in Carlisle Companies by 10.4% during the 4th quarter. Keybank National Association OH now owns 2,669 shares of the conglomerate's stock worth $984,000 after acquiring an additional 252 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Carlisle Companies by 19.3% during the 4th quarter. Victory Capital Management Inc. now owns 113,282 shares of the conglomerate's stock worth $41,783,000 after acquiring an additional 18,314 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded up $4.06 on Tuesday, hitting $401.14. 752,001 shares of the company were exchanged, compared to its average volume of 398,305. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.03. The company has a 50-day moving average price of $382.92 and a 200 day moving average price of $366.58. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87.

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

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio is presently 14.89%.

Analysts Set New Price Targets

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