PNC Financial Services Group Inc. Has $4.04 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

PNC Financial Services Group Inc. lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,971 shares of the conglomerate’s stock after selling 539 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Carlisle Companies were worth $4,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Silver Lake Advisory LLC acquired a new position in shares of Carlisle Companies in the second quarter valued at approximately $608,000. Price T Rowe Associates Inc. MD boosted its holdings in Carlisle Companies by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock worth $17,391,000 after purchasing an additional 1,429 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in Carlisle Companies by 44.6% during the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after purchasing an additional 17,472 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Carlisle Companies by 188.0% during the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock worth $3,235,000 after purchasing an additional 5,389 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Carlisle Companies by 34.9% during the third quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock worth $4,788,000 after purchasing an additional 2,752 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL opened at $449.65 on Monday. The firm has a market capitalization of $20.38 billion, a PE ratio of 15.91, a PEG ratio of 1.45 and a beta of 0.91. The company’s 50-day moving average is $446.26 and its 200-day moving average is $424.06. Carlisle Companies Incorporated has a fifty-two week low of $272.15 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.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.68 earnings per share. Equities analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s payout ratio is presently 14.15%.

Insider Activity

In related news, VP David W. Smith sold 275 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were 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 in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

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

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.