Montecito Bank & Trust Decreases Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Montecito Bank & Trust reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,515 shares of the conglomerate’s stock after selling 52 shares during the period. Montecito Bank & Trust’s holdings in Carlisle Companies were worth $2,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Carlisle Companies in the third quarter worth about $25,000. ORG Wealth Partners LLC bought a new stake in shares of Carlisle Companies in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC increased its position in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 70 shares during the last quarter. UMB Bank n.a. raised its holdings in Carlisle Companies by 317.2% during the 3rd 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 period. Finally, Quarry LP raised its holdings in Carlisle Companies by 75.0% during the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group decreased their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. 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 price objective for the company. Robert W. Baird dropped their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Loop Capital decreased their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $405.68 on Friday. Carlisle Companies Incorporated has a 1 year low of $302.08 and a 1 year high of $481.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The company’s fifty day moving average price is $407.55 and its 200 day moving average price is $420.33. The company has a market capitalization of $18.39 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm earned $4.68 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. On average, research analysts predict that Carlisle Companies Incorporated will post 20.23 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the stock in a transaction 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 owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

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.