Moody National Bank Trust Division Acquires New Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Moody National Bank Trust Division bought a new position in Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to its most recent filing 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 hedge funds have also modified their holdings of the company. Choreo LLC purchased a new stake in Carlisle Companies during the second quarter valued at approximately $259,000. American Century Companies Inc. increased its position in shares of 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 purchasing an additional 11,668 shares in the last quarter. Meeder Advisory Services Inc. purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at $233,000. Federated Hermes Inc. boosted its position in shares of Carlisle Companies by 17.1% in the 2nd quarter. Federated Hermes Inc. now owns 6,749 shares of the conglomerate’s stock worth $2,735,000 after purchasing an additional 988 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd purchased a new position in Carlisle Companies during the 2nd quarter worth $1,054,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Up 2.4 %

CSL stock opened at $382.17 on Wednesday. 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 firm’s fifty day simple moving average is $415.87 and its 200-day simple moving average is $420.97. Carlisle Companies Incorporated has a 12 month low of $297.25 and a 12 month high of $481.26. The company has a market capitalization of $17.32 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates 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 for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.68 earnings per share. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 1.05%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

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.