2,364 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Moody National Bank Trust Division

Moody National Bank Trust Division bought a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,364 shares of the conglomerate's stock, valued at approximately $872,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Choreo LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth about $259,000. American Century Companies Inc. increased its position in Carlisle Companies by 18.7% during the second quarter. American Century Companies Inc. now owns 74,021 shares of the conglomerate's stock worth $29,994,000 after buying an additional 11,668 shares during the last quarter. Meeder Advisory Services Inc. bought a new stake in Carlisle Companies in the second quarter valued at approximately $233,000. Federated Hermes Inc. lifted its position in shares of Carlisle Companies by 17.1% in the second quarter. Federated Hermes Inc. now owns 6,749 shares of the conglomerate's stock valued at $2,735,000 after buying an additional 988 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd bought a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $1,054,000. Institutional investors own 89.52% of the company's stock.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CSL. Oppenheimer restated an "outperform" rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a "hold" rating and a $460.00 target price for the company. The Goldman Sachs Group reduced their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Loop Capital lowered their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $476.00.

Carlisle Companies Stock Up 2.4 %

CSL stock opened at $382.17 on Wednesday. Carlisle Companies Incorporated has a fifty-two week low of $297.25 and a fifty-two week 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. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.38 and a beta of 0.92. The business's fifty day moving average price is $415.87 and its two-hundred day moving average price is $420.97.

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 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%. Carlisle Companies's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.68 earnings per share. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were given a $1.00 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.05%. Carlisle Companies's payout ratio is 14.15%.

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.