Toronto Dominion Bank Has $4.39 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Toronto Dominion Bank raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 12.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,766 shares of the conglomerate’s stock after acquiring an additional 1,083 shares during the quarter. Toronto Dominion Bank’s holdings in Carlisle Companies were worth $4,392,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Carlisle Companies during the 3rd quarter worth approximately $25,000. ORG Partners LLC bought a new position in shares of Carlisle Companies in the 2nd quarter valued at $31,000. ORG Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the 3rd quarter valued at $32,000. True Wealth Design LLC grew its position in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Carlisle Companies in the 2nd quarter worth about $39,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on CSL. Oppenheimer lifted their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Robert W. Baird cut their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $472.00.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Down 0.9 %

CSL opened at $420.03 on Friday. Carlisle Companies Incorporated has a twelve month low of $297.25 and a twelve month high of $481.26. The company has a fifty day moving average of $447.26 and a 200-day moving average of $426.33. The stock 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. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

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

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.95%. Carlisle Companies’s payout ratio is currently 14.15%.

Carlisle Companies Company 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.