KCM Investment Advisors LLC Acquires 5,665 Shares of Carlisle Companies Incorporated $CSL

KCM Investment Advisors LLC increased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,957 shares of the conglomerate’s stock after purchasing an additional 5,665 shares during the period. KCM Investment Advisors LLC’s holdings in Carlisle Companies were worth $22,388,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its stake in Carlisle Companies by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after buying an additional 130,235 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Carlisle Companies by 26.7% during the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after acquiring an additional 134,718 shares during the last quarter. Madison Asset Management LLC grew its position in Carlisle Companies by 28.2% in the first quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock worth $175,403,000 after acquiring an additional 113,312 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Carlisle Companies by 11.3% in the first quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock valued at $170,017,000 after acquiring an additional 50,578 shares during the last quarter. Finally, Northern Trust Corp raised its position in Carlisle Companies by 1.4% during the first quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock valued at $168,737,000 after purchasing an additional 6,948 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $318.49 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $472.66. The business’s 50 day simple moving average is $341.19 and its two-hundred day simple moving average is $370.72. The stock has a market capitalization of $13.31 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business earned $5.78 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Carlisle Companies has set its FY 2025 guidance at EPS. Analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies’s payout ratio is presently 24.96%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CSL. Robert W. Baird cut their price objective on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carlisle Companies in a research note on Thursday, October 30th. Vertical Research initiated coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating on the stock. JPMorgan Chase & Co. lowered 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. Finally, Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Carlisle Companies has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies 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.