Brown Brothers Harriman & Co. Has $71.05 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Brown Brothers Harriman & Co. cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 23.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,337 shares of the conglomerate’s stock after selling 52,883 shares during the quarter. Brown Brothers Harriman & Co. owned 0.37% of Carlisle Companies worth $71,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CSL. Plato Investment Management Ltd boosted its holdings in shares of Carlisle Companies by 665.9% during the second quarter. Plato Investment Management Ltd now owns 1,754 shares of the conglomerate’s stock worth $711,000 after purchasing an additional 1,525 shares during the period. Inspire Advisors LLC lifted its position in Carlisle Companies by 2.4% in the 2nd quarter. Inspire Advisors LLC now owns 2,435 shares of the conglomerate’s stock worth $987,000 after buying an additional 58 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Carlisle Companies by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock valued at $71,375,000 after acquiring an additional 4,017 shares in the last quarter. Dai ichi Life Insurance Company Ltd acquired a new position in shares of Carlisle Companies in the second quarter worth $1,054,000. Finally, Federated Hermes Inc. increased its stake in shares of Carlisle Companies by 17.1% in the second quarter. Federated Hermes Inc. now owns 6,749 shares of the conglomerate’s stock worth $2,735,000 after acquiring an additional 988 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 1.8 %

Carlisle Companies stock opened at $411.30 on Monday. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $443.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The firm has a market capitalization of $19.58 billion, a PE ratio of 23.84, a PEG ratio of 1.30 and a beta of 0.90. The business’s 50-day simple moving average is $409.59 and its 200-day simple moving average is $400.61.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the business posted $5.18 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that Carlisle Companies Incorporated will post 20.58 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Tuesday, August 20th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CSL shares. Oppenheimer reaffirmed an “outperform” rating and set a $480.00 price target (up from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Robert W. Baird boosted their target price on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus price target of $433.00.

Insider Activity

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction on Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the sale, the chief financial officer now owns 35,641 shares in the company, valued at $15,157,760.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP David W. Smith sold 600 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is currently 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.