Carlisle Companies Incorporated $CSL Shares Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its position in Carlisle Companies Incorporated (NYSE:CSL) by 1,491.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,164 shares of the conglomerate’s stock after buying an additional 92,933 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.24% of Carlisle Companies worth $32,621,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new position in Carlisle Companies during the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. Traub Capital Management LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in shares of Carlisle Companies by 69.6% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 0.3%

NYSE CSL opened at $408.77 on Monday. The firm’s 50 day moving average price is $358.54 and its two-hundred day moving average price is $348.01. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.30 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm posted $4.47 earnings per share. Carlisle Companies’s revenue was up .4% compared to the same quarter last year. Equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

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 paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s payout ratio is 25.72%.

Insiders Place Their Bets

In related news, CEO D Christian Koch sold 36,260 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the transaction, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. The trade was a 24.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin P. Zdimal sold 24,180 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the transaction, the chief financial officer owned 30,094 shares in the company, valued at approximately $12,279,555.76. This 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 worth $28,125,467. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Carlisle Companies 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.