KCM Investment Advisors LLC Has $5.52 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

KCM Investment Advisors LLC lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,962 shares of the conglomerate’s stock after purchasing an additional 361 shares during the period. KCM Investment Advisors LLC’s holdings in Carlisle Companies were worth $5,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Carlisle Companies during the fourth quarter worth approximately $208,095,000. Wells Fargo & Company MN increased its holdings in shares of Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock worth $227,527,000 after acquiring an additional 538,990 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in Carlisle Companies in the 4th quarter valued at $148,208,000. AustralianSuper Pty Ltd lifted its holdings in Carlisle Companies by 732.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate’s stock valued at $52,691,000 after purchasing an additional 125,687 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after purchasing an additional 102,436 shares during the period. 89.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSL shares. Oppenheimer restated an “outperform” rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Loop Capital lowered their target price 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insiders Place Their Bets

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the sale, the vice president now owns 815 shares of the company’s stock, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the transaction, the director now directly 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. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $326.87 on Friday. Carlisle Companies Incorporated has a 12-month low of $312.60 and a 12-month high of $481.26. The company’s 50 day moving average price is $348.76 and its two-hundred day moving average price is $399.10. The firm has a market cap of $14.43 billion, a PE ratio of 11.83, a PEG ratio of 1.03 and a beta of 0.94. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter last year, the firm posted $4.17 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.22%. Carlisle Companies’s dividend payout ratio is 14.48%.

About Carlisle Companies

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.