Truist Financial Corp Acquires 19,790 Shares of Carlisle Companies Incorporated (NYSE:CSL)

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

Several other institutional investors have also bought and sold shares of the business. TD Private Client Wealth LLC lifted its holdings in shares of Carlisle Companies by 475.0% in the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after acquiring an additional 57 shares during the last quarter. CX Institutional bought a new stake in shares of Carlisle Companies in the 1st quarter worth about $49,000. GeoWealth Management LLC lifted its holdings in shares of Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after acquiring an additional 29 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Carlisle Companies by 95.1% in the 4th 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 last quarter. Finally, Quarry LP lifted its holdings in shares of Carlisle Companies by 39.8% in the 4th quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Trading Up 0.5%

Shares of CSL opened at $397.81 on Friday. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a 50-day moving average of $382.06 and a 200 day moving average of $366.41. The firm has a market capitalization of $17.21 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $3.72 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $1.00 per share. The ex-dividend date was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.01%. Carlisle Companies's payout ratio is 14.89%.

Wall Street Analyst Weigh In

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

Carlisle Companies 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.

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