KCM Investment Advisors LLC Raises Stake in Carlisle Companies Incorporated $CSL

KCM Investment Advisors LLC boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,957 shares of the conglomerate’s stock after buying an additional 5,665 shares during the quarter. KCM Investment Advisors LLC owned approximately 0.14% of Carlisle Companies worth $22,388,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cooke & Bieler LP bought a new position in shares of Carlisle Companies during the 1st quarter valued at approximately $74,095,000. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Carlisle Companies by 755.3% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock worth $91,000 after purchasing an additional 214,226 shares during the period. Pacer Advisors Inc. lifted its stake in Carlisle Companies by 1,611.7% in the first quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock valued at $73,202,000 after purchasing an additional 202,425 shares during the last quarter. Nuveen LLC bought a new position in Carlisle Companies during the first quarter valued at $62,485,000. Finally, Bessemer Group Inc. increased its position in Carlisle Companies by 26.7% in the second quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock worth $238,791,000 after buying an additional 134,718 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 0.6%

CSL stock opened at $318.49 on Friday. The stock has a 50-day simple moving average of $341.19 and a two-hundred day simple moving average of $370.72. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $472.66. The firm has a market capitalization of $13.31 billion, a PE ratio of 18.07, a PEG ratio of 1.12 and a beta of 1.00. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. Carlisle Companies’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $5.78 earnings per share. Carlisle Companies has set its FY 2025 guidance at EPS. On average, equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, November 14th. Carlisle Companies’s payout ratio is 24.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSL. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and dropped their price target for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Vertical Research initiated coverage on shares of Carlisle Companies in a report on Monday, October 20th. They set a “hold” rating on the stock. Oppenheimer cut their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Robert W. Baird lowered their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research report on Monday, October 13th. Finally, The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $386.67.

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.