Kovitz Investment Group Partners LLC Has $32.62 Million Stock Position in Carlisle Companies Incorporated $CSL

Kovitz Investment Group Partners LLC raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 1,491.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,164 shares of the conglomerate’s stock after purchasing an additional 92,933 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Carlisle Companies were worth $32,621,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Carlisle Companies by 69.6% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after buying an additional 32 shares during the last quarter. Blue Trust Inc. increased its holdings in Carlisle Companies by 4.9% in the third quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock worth $223,000 after buying an additional 32 shares during the last quarter. DNB Asset Management AS raised its position in Carlisle Companies by 0.3% during the second quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock valued at $4,576,000 after acquiring an additional 33 shares in the last quarter. MAI Capital Management raised its position in Carlisle Companies by 26.6% during the second quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock valued at $59,000 after acquiring an additional 33 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in Carlisle Companies by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after acquiring an additional 33 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL opened at $408.77 on Monday. The company has a market capitalization of $16.71 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company’s fifty day moving average price is $358.54 and its 200 day moving average price is $348.01.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $4.47 earnings per share. As a group, analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CSL. William Blair started coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, Truist Financial decreased their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $392.50.

Insiders Place Their Bets

In other news, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the sale, the insider owned 8,540 shares in the company, valued at approximately $3,564,254.40. This trade represents a 41.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the transaction, the chief financial officer directly owned 30,094 shares in the company, valued at $12,279,555.76. This trade represents a 44.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 68,289 shares of company stock valued at $28,125,467. Corporate insiders own 1.40% of the company’s stock.

About Carlisle Companies

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.