Boston Common Asset Management LLC Purchases New Position in Carlisle Companies Incorporated (NYSE:CSL)

Boston Common Asset Management LLC acquired a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,754 shares of the conglomerate's stock, valued at approximately $3,229,000.

A number of other large investors have also recently made changes to their positions in CSL. Ritholtz Wealth Management lifted its stake in shares of Carlisle Companies by 12.9% during the 4th quarter. Ritholtz Wealth Management now owns 1,303 shares of the conglomerate's stock valued at $481,000 after buying an additional 149 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Carlisle Companies by 371.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 363 shares of the conglomerate's stock valued at $134,000 after acquiring an additional 286 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Carlisle Companies in the fourth quarter valued at about $255,000. Oak Thistle LLC bought a new position in shares of Carlisle Companies in the fourth quarter worth about $615,000. Finally, Moody National Bank Trust Division purchased a new stake in shares of Carlisle Companies during the fourth quarter worth about $872,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

CSL stock traded up $5.06 during trading on Friday, hitting $400.46. 363,755 shares of the company's stock traded hands, compared to its average volume of 318,465. Carlisle Companies Incorporated has a 52 week low of $302.08 and a 52 week high of $481.26. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 1.09 and a beta of 0.96. The business has a fifty day simple moving average of $411.47 and a 200 day simple moving average of $420.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.68 EPS. As a group, research analysts expect that Carlisle Companies Incorporated will post 20.23 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company's 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Company Profile

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.