Truist Financial Corp Raises Stake in Carlisle Companies Incorporated (NYSE:CSL)

Truist Financial Corp increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 321,222 shares of the conglomerate's stock after acquiring an additional 8,195 shares during the period. Truist Financial Corp owned approximately 0.66% of Carlisle Companies worth $100,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley grew its stake in Carlisle Companies by 3.6% in the 3rd quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate's stock worth $668,430,000 after buying an additional 90,597 shares in the last quarter. FMR LLC grew its stake in Carlisle Companies by 1.5% in the 3rd quarter. FMR LLC now owns 829,655 shares of the conglomerate's stock worth $215,096,000 after buying an additional 12,552 shares in the last quarter. Pacer Advisors Inc. grew its stake in Carlisle Companies by 5,351.1% in the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate's stock worth $131,665,000 after buying an additional 413,691 shares in the last quarter. Platinum Investment Management Ltd. grew its stake in Carlisle Companies by 13.8% in the 3rd quarter. Platinum Investment Management Ltd. now owns 323,490 shares of the conglomerate's stock worth $83,868,000 after buying an additional 39,227 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Carlisle Companies by 9.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 276,136 shares of the conglomerate's stock worth $71,591,000 after buying an additional 24,301 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Trading Up 4.9 %

CSL traded up $18.53 during trading on Friday, hitting $400.56. 681,997 shares of the stock traded hands, compared to its average volume of 251,156. The firm has a market capitalization of $19.15 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. The firm has a 50-day moving average of $371.87 and a 200 day moving average of $320.52. Carlisle Companies Incorporated has a 12-month low of $205.10 and a 12-month high of $415.00.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.98. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.23%. Equities research analysts anticipate that Carlisle Companies Incorporated will post 18.72 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.85 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.40 annualized dividend and a yield of 0.85%. Carlisle Companies's dividend payout ratio (DPR) is presently 19.71%.

Analysts Set New Price Targets

A number of equities analysts have commented on CSL shares. Robert W. Baird boosted their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an "outperform" rating in a research note on Friday. Loop Capital upped their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a "buy" rating in a research note on Monday, April 1st. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They issued a "buy" rating and a $455.00 price objective for the company. StockNews.com raised shares of Carlisle Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, February 7th. Finally, Oppenheimer upped their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an "outperform" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of "Moderate Buy" and an average target price of $398.33.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David W. Smith sold 700 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company's stock, valued at $959,422.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is currently owned by corporate insiders.

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.