Carlisle Companies Incorporated (NYSE:CSL) Holdings Cut by First National Bank of Omaha

First National Bank of Omaha cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,210 shares of the conglomerate’s stock after selling 50 shares during the quarter. First National Bank of Omaha’s holdings in Carlisle Companies were worth $2,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Asset Management Inc grew its stake in Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after buying an additional 268,685 shares during the last quarter. FMR LLC grew its position in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Carlisle Companies by 6,405.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock worth $80,757,000 after acquiring an additional 176,799 shares during the period. Epoch Investment Partners Inc. bought a new stake in Carlisle Companies in the 2nd quarter valued at about $65,041,000. Finally, Holocene Advisors LP boosted its stake in Carlisle Companies by 151.3% during the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock valued at $79,594,000 after purchasing an additional 106,539 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP David W. Smith sold 275 shares of the company’s 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Carlisle Companies Price Performance

Shares of CSL opened at $440.01 on Monday. 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 Incorporated has a twelve month low of $290.32 and a twelve month high of $481.26. The firm’s 50 day moving average price is $449.64 and its 200 day moving average price is $426.33. The firm has a market cap of $19.95 billion, a PE ratio of 15.57, a PEG ratio of 1.44 and a beta of 0.92.

Carlisle Companies (NYSE:CSL) last posted its 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 during 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%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.68 earnings per share. As a group, research analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.91%. Carlisle Companies’s payout ratio is 14.15%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CSL. Robert W. Baird decreased their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. 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 target on the stock. Finally, Oppenheimer increased their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.