Kovitz Investment Group Partners LLC Increases Stake in Carlisle Companies Incorporated (NYSE:CSL)

Kovitz Investment Group Partners LLC grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 74.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,869 shares of the conglomerate's stock after acquiring an additional 2,932 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Carlisle Companies were worth $2,534,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Carlisle Companies in the fourth quarter worth approximately $208,095,000. Wells Fargo & Company MN boosted its stake in shares of Carlisle Companies by 692.1% in the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after buying an additional 538,990 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Carlisle Companies in the 4th quarter worth $148,208,000. Inlight Wealth Management LLC bought a new stake in shares of Carlisle Companies in the fourth quarter worth $118,038,000. Finally, AustralianSuper Pty Ltd lifted its holdings in Carlisle Companies by 732.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock valued at $52,691,000 after acquiring an additional 125,687 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

Shares of NYSE CSL traded up $6.68 during mid-day trading on Friday, reaching $386.47. The company's stock had a trading volume of 263,668 shares, compared to its average volume of 391,673. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The stock has a fifty day moving average of $345.80 and a two-hundred day moving average of $384.54. The firm has a market capitalization of $16.72 billion, a PE ratio of 13.99, a P/E/G ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $3.72 EPS. The company's revenue was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.04%. Carlisle Companies's payout ratio is 14.89%.

Analyst Ratings Changes

CSL has been the topic of several recent research reports. Robert W. Baird increased their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. StockNews.com downgraded shares of Carlisle Companies from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. The Goldman Sachs Group reduced their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Truist Financial lowered their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, Loop Capital decreased their price objective on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $454.00.

Insider Transactions at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of the company's stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now owns 815 shares of the company's stock, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now owns 2,665 shares of the company's stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

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.