Birch Hill Investment Advisors LLC Buys 2,430 Shares of Carlisle Companies Incorporated $CSL

Birch Hill Investment Advisors LLC raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,147 shares of the conglomerate’s stock after acquiring an additional 2,430 shares during the quarter. Birch Hill Investment Advisors LLC owned approximately 0.12% of Carlisle Companies worth $17,483,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Boston Common Asset Management LLC grew its stake in shares of Carlisle Companies by 9.4% in the second quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock worth $5,210,000 after acquiring an additional 1,202 shares during the period. EFG Asset Management North America Corp. grew its position in Carlisle Companies by 11.3% in the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock worth $3,260,000 after purchasing an additional 885 shares during the period. Sierra Legacy Group purchased a new stake in Carlisle Companies during the 2nd quarter valued at $764,000. Andra AP fonden lifted its holdings in shares of Carlisle Companies by 1,207.7% during the 2nd quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock valued at $10,249,000 after buying an additional 25,350 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Carlisle Companies by 4.9% during the 2nd quarter. Legal & General Group Plc now owns 162,884 shares of the conglomerate’s stock valued at $60,821,000 after buying an additional 7,569 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 2.8%

CSL stock opened at $326.65 on Thursday. The company’s 50 day moving average price is $321.95 and its 200 day moving average price is $352.83. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.04 and a beta of 0.95. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.Carlisle Companies’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.78 EPS. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Carlisle Companies’s dividend payout ratio is presently 24.96%.

Analysts Set New Price Targets

CSL has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Vertical Research assumed coverage on shares of Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. Finally, Oppenheimer decreased their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.