Birch Hill Investment Advisors LLC Raises Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Birch Hill Investment Advisors LLC lifted its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 16.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,849 shares of the conglomerate's stock after purchasing an additional 2,705 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in Carlisle Companies were worth $6,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. FMR LLC boosted its holdings in shares of Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock worth $429,641,000 after purchasing an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Carlisle Companies by 6,405.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock valued at $80,757,000 after acquiring an additional 176,799 shares during the last quarter. Holocene Advisors LP lifted its stake in shares of Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock valued at $79,594,000 after acquiring an additional 106,539 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $391,827,000 after acquiring an additional 102,436 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Carlisle Companies by 846.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 62,599 shares of the conglomerate's stock valued at $28,154,000 after acquiring an additional 55,988 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Down 1.0 %

Shares of NYSE:CSL traded down $3.74 during trading on Wednesday, hitting $354.26. The stock had a trading volume of 948,805 shares, compared to its average volume of 413,043. Carlisle Companies Incorporated has a 12 month low of $338.52 and a 12 month high of $481.26. The company has a market capitalization of $16.06 billion, a PE ratio of 12.82, a PEG ratio of 1.04 and a beta of 0.96. The firm's fifty day moving average is $386.62 and its 200 day moving average is $415.61. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period last year, the company posted $4.17 earnings per share. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies's dividend payout ratio is currently 14.48%.

Insider Buying and Selling

In related news, VP David W. Smith sold 275 shares of the company's stock in a transaction that occurred 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 sale, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Mehul Patel sold 150 shares of the company's stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the sale, the vice president now owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,475 shares of company stock worth $541,219 in the last 90 days. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CSL shares. The Goldman Sachs Group lowered their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Loop Capital lowered their target price on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Oppenheimer reissued an "outperform" rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Robert W. Baird lowered their target price on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Carlisle Companies has a consensus rating of "Moderate Buy" and an average target price of $476.00.

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.