KCM Investment Advisors LLC Purchases 189 Shares of Carlisle Companies Incorporated (NYSE:CSL)

KCM Investment Advisors LLC boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,589 shares of the conglomerate’s stock after buying an additional 189 shares during the period. KCM Investment Advisors LLC’s holdings in Carlisle Companies were worth $5,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in Carlisle Companies in the 4th quarter worth approximately $47,830,000. Signaturefd LLC grew its holdings in shares of Carlisle Companies by 25.5% during the fourth quarter. Signaturefd LLC now owns 246 shares of the conglomerate’s stock worth $77,000 after buying an additional 50 shares in the last quarter. CWM LLC boosted its position in Carlisle Companies by 11.2% during the fourth quarter. CWM LLC now owns 2,445 shares of the conglomerate’s stock worth $764,000 after acquiring an additional 247 shares during the last quarter. Victory Capital Management Inc. grew its stake in Carlisle Companies by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 139,734 shares of the conglomerate’s stock valued at $43,657,000 after acquiring an additional 4,862 shares in the last quarter. Finally, First Trust Direct Indexing L.P. purchased a new position in Carlisle Companies in the 4th quarter worth approximately $232,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CSL. Robert W. Baird lifted their price target on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $423.00.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded up $10.54 during midday trading on Friday, hitting $424.05. The stock had a trading volume of 387,843 shares, compared to its average volume of 327,795. The company has a market capitalization of $20.18 billion, a PE ratio of 24.58, a P/E/G ratio of 1.31 and a beta of 0.90. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $443.87. The stock has a 50 day moving average price of $410.73 and a two-hundred day moving average price of $395.95. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company earned $5.18 earnings per share. Carlisle Companies’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Tuesday, August 20th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio (DPR) is 23.19%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP David W. Smith sold 600 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now owns 35,641 shares in the company, valued at $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

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.