Amalgamated Bank Has $10.30 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Amalgamated Bank cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,891 shares of the conglomerate's stock after selling 1,195 shares during the quarter. Amalgamated Bank's holdings in Carlisle Companies were worth $10,295,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CSL. ORG Partners LLC bought a new stake in shares of Carlisle Companies in the second quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $32,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies during the third quarter worth about $32,000. Gilliland Jeter Wealth Management LLC acquired a new position in Carlisle Companies in the second quarter worth about $39,000. Finally, UMB Bank n.a. increased its holdings in Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock valued at $54,000 after buying an additional 92 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of CSL traded up $16.49 during trading hours on Wednesday, reaching $450.80. 410,721 shares of the company's stock traded hands, compared to its average volume of 325,963. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.38 and a beta of 0.91. The business's fifty day simple moving average is $436.04 and its two-hundred day simple moving average is $419.02. Carlisle Companies Incorporated has a twelve month low of $260.73 and a twelve month high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL - Get Free Report) last released 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 company 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.68 earnings per share. Analysts predict that Carlisle Companies Incorporated will post 20.36 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies's payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Oppenheimer lifted their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. StockNews.com cut shares of Carlisle Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Finally, Robert W. Baird decreased their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $475.00.

About Carlisle Companies

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.