Birch Hill Investment Advisors LLC Grows Stake in Carlisle Companies Incorporated (NYSE:CSL)

Birch Hill Investment Advisors LLC boosted its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 50.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,374 shares of the conglomerate's stock after buying an additional 4,820 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in Carlisle Companies were worth $4,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CSL. Tennessee Valley Asset Management Partners purchased a new position in shares of Carlisle Companies in the fourth quarter valued at $40,000. Cerity Partners LLC purchased a new position in shares of Carlisle Companies in the fourth quarter valued at $899,000. Tobam purchased a new position in shares of Carlisle Companies in the fourth quarter valued at $59,000. International Assets Investment Management LLC purchased a new position in shares of Carlisle Companies in the fourth quarter valued at $47,830,000. Finally, Arlington Trust Co LLC purchased a new position in shares of Carlisle Companies in the fourth quarter valued at $122,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the transaction, the insider now owns 5,212 shares in the company, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,255 shares of company stock worth $5,231,360. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CSL. StockNews.com upgraded Carlisle Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 7th. Robert W. Baird lifted their price objective on Carlisle Companies from $400.00 to $435.00 and gave the company an "outperform" rating in a research note on Tuesday. The Goldman Sachs Group began coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They set a "buy" rating and a $455.00 price objective for the company. Oppenheimer lifted their price objective on Carlisle Companies from $355.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. Finally, Loop Capital lifted their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a "buy" rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $389.17.

Carlisle Companies Price Performance

CSL stock traded down $4.55 during mid-day trading on Friday, hitting $373.09. 293,189 shares of the stock were exchanged, compared to its average volume of 276,503. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. The business has a fifty day moving average price of $364.52 and a 200 day moving average price of $311.87. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $403.44. The stock has a market capitalization of $17.84 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.37 and a beta of 0.93.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.70. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted $3.92 earnings per share. The company's revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 18.7 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.91%. The ex-dividend date was Thursday, February 15th. Carlisle Companies's dividend payout ratio (DPR) is currently 22.31%.

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.