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

Kovitz Investment Group Partners LLC grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 19.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,937 shares of the conglomerate’s stock after purchasing 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.

A number of other institutional investors have also modified their holdings of the company. SG Americas Securities LLC grew its stake in Carlisle Companies by 141.3% during the second quarter. SG Americas Securities LLC now owns 8,987 shares of the conglomerate’s stock worth $3,642,000 after buying an additional 5,262 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Carlisle Companies by 156.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,898 shares of the conglomerate’s stock valued at $4,011,000 after purchasing an additional 6,043 shares in the last quarter. ORG Partners LLC purchased a new position in Carlisle Companies in the second quarter valued at about $31,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Carlisle Companies by 23.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,849 shares of the conglomerate’s stock worth $749,000 after purchasing an additional 356 shares in the last quarter. Finally, Silver Lake Advisory LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $608,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

Carlisle Companies Stock Down 1.2 %

Shares of Carlisle Companies stock opened at $425.56 on Wednesday. The business’s fifty day moving average price is $448.81 and its two-hundred day moving average price is $426.37. The company has a market capitalization of $19.29 billion, a P/E ratio of 15.06, a PEG ratio of 1.45 and a beta of 0.92. 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.

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

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 annualized dividend and a dividend yield of 0.94%. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company’s stock in a transaction dated 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.