Boston Common Asset Management LLC Invests $3.23 Million in Carlisle Companies Incorporated (NYSE:CSL)

Boston Common Asset Management LLC bought a new position in Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,754 shares of the conglomerate’s stock, valued at approximately $3,229,000.

Other hedge funds have also modified their holdings of the company. Driehaus Capital Management LLC raised its holdings in shares of Carlisle Companies by 44.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after buying an additional 17,472 shares in the last quarter. KBC Group NV raised its holdings in shares of Carlisle Companies by 34.9% in the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock worth $4,788,000 after buying an additional 2,752 shares in the last quarter. Pensionfund Sabic acquired a new position in shares of Carlisle Companies in the 4th quarter worth approximately $1,291,000. Geode Capital Management LLC raised its holdings in shares of Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after buying an additional 102,436 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Carlisle Companies by 624.8% in the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock worth $2,090,000 after buying an additional 4,005 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 1.3 %

Shares of CSL opened at $400.46 on Friday. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The business’s fifty day moving average price is $411.47 and its two-hundred day moving average price is $420.42. Carlisle Companies Incorporated has a 52 week low of $302.08 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last announced 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 firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.68 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 20.23 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were given a $1.00 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 1.00%. Carlisle Companies’s payout ratio is 14.15%.

Analyst Ratings Changes

CSL has been the topic of a number of research analyst reports. Robert W. Baird decreased their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group decreased their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. Oppenheimer restated an “outperform” rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Loop Capital decreased their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four 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 price target of $476.00.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the 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 transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.