First Citizens Bank & Trust Co. Grows Position in Carlisle Companies Incorporated (NYSE:CSL)

First Citizens Bank & Trust Co. boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,288 shares of the conglomerate’s stock after purchasing an additional 181 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Carlisle Companies were worth $475,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Resonant Capital Advisors LLC grew its holdings in Carlisle Companies by 3.4% in the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock valued at $332,000 after purchasing an additional 24 shares during the period. Tributary Capital Management LLC grew its stake in Carlisle Companies by 1.1% during the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock worth $1,023,000 after buying an additional 24 shares during the period. Diversify Advisory Services LLC grew its stake in Carlisle Companies by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock worth $719,000 after buying an additional 25 shares during the period. Equitable Trust Co. grew its stake in Carlisle Companies by 0.3% during the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock worth $3,874,000 after buying an additional 25 shares during the period. Finally, Metis Global Partners LLC grew its stake in Carlisle Companies by 5.2% during the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock worth $273,000 after buying an additional 30 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CSL shares. Oppenheimer reiterated an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Truist Financial began coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. Robert W. Baird decreased 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 decreased their target price 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. Finally, The Goldman Sachs Group decreased their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now directly 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 legal filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Trading Down 1.3 %

CSL opened at $397.55 on Tuesday. The stock has a market capitalization of $18.02 billion, a PE ratio of 14.07, a P/E/G ratio of 1.19 and a beta of 0.96. The firm’s fifty day moving average price is $405.87 and its 200 day moving average price is $420.20. 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 Incorporated has a 12-month low of $308.44 and a 12-month high of $481.26.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were issued 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 1.01%. Carlisle Companies’s dividend payout ratio is presently 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.