Retirement Systems of Alabama Has $30.26 Million Stock Position in Carlisle Companies Incorporated $CSL

Retirement Systems of Alabama lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 94,603 shares of the conglomerate’s stock after selling 1,537 shares during the period. Retirement Systems of Alabama’s holdings in Carlisle Companies were worth $30,260,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CSL. Bridges Investment Management Inc. boosted its stake in shares of Carlisle Companies by 221.3% during the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after acquiring an additional 102,014 shares during the period. Envestnet Asset Management Inc. raised its stake in Carlisle Companies by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after acquiring an additional 8,701 shares during the period. Citigroup Inc. lifted its holdings in Carlisle Companies by 51.8% during the 3rd quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock valued at $9,321,000 after purchasing an additional 9,673 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in Carlisle Companies during the 3rd quarter valued at $540,000. Finally, M&G PLC bought a new position in Carlisle Companies during the third quarter worth $11,913,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

CSL opened at $333.55 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. The business has a fifty day simple moving average of $368.86 and a 200 day simple moving average of $343.01. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a market capitalization of $13.64 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $4.47 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.72%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday. Oppenheimer raised their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. lifted their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and an average target price of $399.17.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the transaction, the insider owned 8,540 shares in the company, valued at $3,564,254.40. This represents a 41.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO D Christian Koch sold 36,260 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the transaction, the chief executive officer owned 113,238 shares in the company, valued at approximately $46,810,324.44. The trade was a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 68,289 shares of company stock valued at $28,125,467 in the last three months. 1.30% of the stock is owned by insiders.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.