Birch Hill Investment Advisors LLC Buys 30,015 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Birch Hill Investment Advisors LLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 159.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,864 shares of the conglomerate's stock after buying an additional 30,015 shares during the quarter. Birch Hill Investment Advisors LLC owned 0.11% of Carlisle Companies worth $16,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CSL. TD Private Client Wealth LLC raised its position in Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 57 shares during the last quarter. CX Institutional bought a new position in shares of Carlisle Companies during the first quarter worth about $49,000. GeoWealth Management LLC raised its position in shares of Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after acquiring an additional 29 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after acquiring an additional 78 shares during the last quarter. Finally, Quarry LP raised its position in shares of Carlisle Companies by 39.8% during the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after acquiring an additional 53 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Down 0.3%

Carlisle Companies stock traded down $1.12 during mid-day trading on Wednesday, reaching $354.91. The stock had a trading volume of 487,930 shares, compared to its average volume of 397,677. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The stock's 50-day simple moving average is $376.93 and its 200-day simple moving average is $370.79. The firm has a market capitalization of $15.35 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the firm posted $3.72 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.13%. Carlisle Companies's dividend payout ratio is presently 14.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CSL shares. Truist Financial lowered their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Robert W. Baird raised their target price on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $454.00.

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.