Truist Financial Corp Has $87.18 Million Stake in Carlisle Companies Incorporated $CSL

Key Points

• Truist Financial cut its stake in Carlisle by 33.7% to 272,544 shares (about $87.18 million), representing roughly 0.65% of the company at quarter-end.
• Insider selling: CEO D. Christian Koch sold 36,260 shares for about $14.99 million on Feb. 10, and insiders have sold 68,289 shares (~$28.13 million) in the past 90 days, leaving insiders with 1.30% ownership.
• Carlisle reported $3.63 EPS (beat by $0.32) but missed on revenue ($1.05B vs. $1.45B expected); the sell‑side consensus is a "Hold" with a $405 target despite several price-target upgrades to $425.

Truist Financial Corp cut its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,544 shares of the conglomerate's stock after selling 138,318 shares during the period. Truist Financial Corp owned about 0.65% of Carlisle Companies worth $87,176,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. VELA Investment Management LLC bought a new stake in Carlisle Companies during the fourth quarter worth $5,024,000. Composition Wealth LLC lifted its holdings in Carlisle Companies by 10.5% during the fourth quarter. Composition Wealth LLC now owns 735 shares of the conglomerate's stock worth $235,000 after acquiring an additional 70 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Carlisle Companies by 2.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 18,768 shares of the conglomerate's stock worth $6,003,000 after acquiring an additional 482 shares during the period. Canandaigua National Bank & Trust Co. lifted its holdings in Carlisle Companies by 15.2% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 5,271 shares of the conglomerate's stock worth $1,686,000 after acquiring an additional 695 shares during the period. Finally, Torren Management LLC bought a new stake in Carlisle Companies during the fourth quarter worth $33,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CSL. Robert W. Baird lifted their price target on Carlisle Companies from $402.00 to $425.00 and gave the stock an "outperform" rating in a report on Friday, April 24th. JPMorgan Chase & Co. lifted their price target on Carlisle Companies from $400.00 to $420.00 and gave the stock an "overweight" rating in a report on Monday, March 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a report on Friday, March 27th. Oppenheimer lifted their price target on Carlisle Companies from $420.00 to $425.00 and gave the stock an "outperform" rating in a report on Friday, April 24th. Finally, William Blair reiterated a "market perform" rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $405.00.

Insider Transactions at Carlisle Companies

In related news, CEO D Christian Koch sold 36,260 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the transaction, the chief executive officer owned 113,238 shares in the company, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David W. Smith sold 1,800 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the transaction, the vice president owned 3,697 shares in the company, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,289 shares of company stock worth $28,125,467 in the last ninety days. Company insiders own 1.30% of the company's stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $346.48 on Tuesday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The business's 50 day simple moving average is $355.16 and its 200 day simple moving average is $345.81. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.13 and a beta of 0.88.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business earned $3.61 earnings per share. Carlisle Companies's revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 21.13 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a $1.10 dividend. The ex-dividend date is Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies's dividend payout ratio is presently 25.87%.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company's operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.

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