Birch Hill Investment Advisors LLC Acquires 995 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Birch Hill Investment Advisors LLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.6% during the third quarter, Holdings Channel reports. The fund owned 16,144 shares of the conglomerate’s stock after purchasing an additional 995 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Carlisle Companies were worth $7,261,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CSL. V Square Quantitative Management LLC acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at about $31,000. ORG Partners LLC bought a new position in shares of Carlisle Companies in the 2nd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies in the 2nd quarter valued at about $32,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of Carlisle Companies in the 2nd quarter valued at about $39,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Carlisle Companies by 564.7% in the 1st quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock valued at $44,000 after acquiring an additional 96 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP David W. Smith sold 600 shares of the company’s 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 sale, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David W. Smith sold 600 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price target on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $480.00 price target (up from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $468.75.

Carlisle Companies Stock Performance

NYSE CSL opened at $470.25 on Friday. The firm’s fifty day moving average price is $420.05 and its two-hundred day moving average price is $411.41. The stock has a market cap of $21.74 billion, a PE ratio of 16.62, a PEG ratio of 1.52 and a beta of 0.91. Carlisle Companies Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $471.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm posted $5.18 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business 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. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.85%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is currently 14.13%.

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.