KCM Investment Advisors LLC Sells 3,895 Shares of Carlisle Companies Incorporated $CSL

KCM Investment Advisors LLC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,434 shares of the conglomerate’s stock after selling 3,895 shares during the period. KCM Investment Advisors LLC owned approximately 0.14% of Carlisle Companies worth $18,691,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Carlisle Companies by 4.3% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 89,714 shares of the conglomerate’s stock worth $28,717,000 after acquiring an additional 3,685 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Carlisle Companies by 42.4% in the fourth quarter. Brown Advisory Inc. now owns 23,000 shares of the conglomerate’s stock worth $7,357,000 after acquiring an additional 6,851 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Carlisle Companies by 53.7% in the fourth quarter. Kestra Advisory Services LLC now owns 8,907 shares of the conglomerate’s stock worth $2,849,000 after acquiring an additional 3,111 shares during the period. Walleye Capital LLC bought a new position in shares of Carlisle Companies in the fourth quarter worth $8,027,000. Finally, Quarry LP bought a new position in shares of Carlisle Companies in the fourth quarter worth $36,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Trading Up 0.9%

NYSE CSL opened at $343.93 on Friday. The stock’s 50-day simple moving average is $346.47 and its two-hundred day simple moving average is $350.03. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.08 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $3.61 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a dividend of $1.10 per share. The ex-dividend date was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CSL shares. Truist Financial raised their price target on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a report on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Raymond James Financial started coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Finally, Robert W. Baird increased their price objective on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Company 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.