Bank of Montreal Can Has $51.09 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

Bank of Montreal Can trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,908 shares of the conglomerate’s stock after selling 332 shares during the quarter. Bank of Montreal Can owned about 0.25% of Carlisle Companies worth $51,087,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Resonant Capital Advisors LLC increased its position in Carlisle Companies by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock worth $332,000 after buying an additional 24 shares during the last quarter. Tributary Capital Management LLC increased its position in Carlisle Companies by 1.1% during the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock worth $1,023,000 after buying an additional 24 shares during the last quarter. Diversify Advisory Services LLC grew its position in shares of Carlisle Companies by 1.6% in the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock valued at $719,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. grew its position in shares of Carlisle Companies by 0.3% in the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock valued at $3,874,000 after purchasing an additional 25 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in shares of Carlisle Companies by 5.2% in the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock valued at $273,000 after purchasing an additional 30 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSL has been the topic of several research analyst reports. Oppenheimer raised their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Robert W. Baird lowered their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Finally, StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $472.00.

Carlisle Companies Stock Down 0.8 %

Shares of CSL opened at $457.73 on Thursday. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.55 and a beta of 0.91. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 12 month low of $272.15 and a 12 month high of $481.26. The company has a 50-day moving average price of $448.11 and a two-hundred day moving average price of $424.74.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.68 EPS. Equities analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.15%.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

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.