M&T Bank Corp Has $1.92 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

M&T Bank Corp lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,263 shares of the conglomerate’s stock after purchasing an additional 54 shares during the period. M&T Bank Corp’s holdings in Carlisle Companies were worth $1,917,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CSL. Barclays PLC lifted its holdings in Carlisle Companies by 31.3% during the 3rd quarter. Barclays PLC now owns 60,920 shares of the conglomerate’s stock worth $27,399,000 after buying an additional 14,526 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Carlisle Companies by 11.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 21,326 shares of the conglomerate’s stock valued at $9,591,000 after acquiring an additional 2,231 shares during the period. MML Investors Services LLC lifted its stake in shares of Carlisle Companies by 17.1% during the third quarter. MML Investors Services LLC now owns 2,605 shares of the conglomerate’s stock valued at $1,171,000 after acquiring an additional 381 shares during the period. Main Management ETF Advisors LLC bought a new position in Carlisle Companies in the third quarter valued at about $1,047,000. Finally, Zurich Insurance Group Ltd FI increased its position in Carlisle Companies by 5.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 202,761 shares of the conglomerate’s stock worth $91,192,000 after purchasing an additional 11,023 shares during the period. 89.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Robert W. Baird reduced 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. Oppenheimer lifted their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by insiders.

Carlisle Companies Trading Down 0.9 %

CSL opened at $420.03 on Friday. The firm’s fifty day moving average is $447.26 and its two-hundred day moving average is $426.33. The firm has a market cap of $19.04 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. Carlisle Companies Incorporated has a twelve month low of $297.25 and a twelve month 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.

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

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.95%. 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.