Kovitz Investment Group Partners LLC Boosts Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Kovitz Investment Group Partners LLC boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 19.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,937 shares of the conglomerate’s stock after acquiring an additional 653 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Carlisle Companies were worth $1,646,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. FMR LLC lifted its holdings in shares of Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after purchasing an additional 218,002 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Carlisle Companies by 14.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock valued at $152,170,000 after buying an additional 41,766 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Carlisle Companies by 0.8% in the second quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock valued at $135,438,000 after acquiring an additional 2,545 shares during the period. TD Asset Management Inc grew its position in shares of Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after acquiring an additional 268,685 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Carlisle Companies by 2.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after acquiring an additional 6,613 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Down 1.2 %

Shares of CSL opened at $425.56 on Wednesday. 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 1-year low of $291.23 and a 1-year high of $481.26. The stock has a market cap of $19.29 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. The firm has a 50 day simple moving average of $448.81 and a 200-day simple moving average of $426.37.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $4.68 earnings per share. Equities analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CSL. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Oppenheimer upped their price objective 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 initiated coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Finally, Robert W. Baird decreased their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $472.00.

Insider Transactions at Carlisle Companies

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

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.