PNC Financial Services Group Inc. Sells 956 Shares of Carlisle Companies Incorporated (NYSE:CSL)

PNC Financial Services Group Inc. trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,083 shares of the conglomerate’s stock after selling 956 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Carlisle Companies were worth $3,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Morgan Stanley grew its stake in Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after purchasing an additional 90,597 shares during the period. FMR LLC grew its stake in Carlisle Companies by 1.5% during the third quarter. FMR LLC now owns 829,655 shares of the conglomerate’s stock worth $215,096,000 after purchasing an additional 12,552 shares during the period. Norges Bank acquired a new stake in Carlisle Companies during the fourth quarter worth approximately $159,187,000. Pacer Advisors Inc. grew its stake in Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after purchasing an additional 413,691 shares during the period. Finally, Truist Financial Corp grew its stake in Carlisle Companies by 2.6% during the fourth quarter. Truist Financial Corp now owns 321,222 shares of the conglomerate’s stock worth $100,359,000 after purchasing an additional 8,195 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CSL. Loop Capital raised their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group began coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price objective for the company. Robert W. Baird raised their price objective on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Oppenheimer raised their price objective on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.00.

Carlisle Companies Stock Up 1.1 %

Shares of NYSE:CSL opened at $427.92 on Friday. The stock has a market cap of $20.37 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.42 and a beta of 0.90. The company has a quick ratio of 2.61, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. Carlisle Companies Incorporated has a 12-month low of $210.89 and a 12-month high of $430.21. The business’s 50 day moving average is $394.55 and its 200 day moving average is $342.42.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.98. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 19.91 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a dividend of $0.85 per share. The ex-dividend date is Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a yield of 0.79%. Carlisle Companies’s dividend payout ratio (DPR) is currently 19.71%.

Insider Buying and Selling

In related news, CEO D Christian Koch sold 54,927 shares of Carlisle Companies stock in a transaction on Monday, May 20th. The stock was sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at $36,399,039.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Carlisle Companies news, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at $36,399,039.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David W. Smith sold 2,037 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $405.58, for a total value of $826,166.46. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $1,149,413.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,059 shares of company stock worth $24,334,065. 1.50% of the stock is 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.