Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,091 shares of the conglomerate’s stock after selling 358 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carlisle Companies were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JOYN Advisors Inc. raised its position in Carlisle Companies by 195.6% during the fourth quarter. JOYN Advisors Inc. now owns 269 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 178 shares in the last quarter. Brand Asset Management Group Inc. acquired a new position in Carlisle Companies during the first quarter valued at approximately $36,000. Tributary Capital Management LLC acquired a new position in Carlisle Companies during the fourth quarter valued at approximately $50,000. Ffcm LLC raised its position in Carlisle Companies by 262.3% during the fourth quarter. Ffcm LLC now owns 1,395 shares of the conglomerate’s stock valued at $140,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Traynor Capital Management Inc. acquired a new position in Carlisle Companies during the first quarter valued at approximately $223,000. Institutional investors own 89.54% of the company’s stock.

NYSE CSL opened at $136.27 on Tuesday. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.17 and a beta of 1.07. Carlisle Companies, Inc. has a fifty-two week low of $92.16 and a fifty-two week high of $142.00. The company has a current ratio of 2.96, a quick ratio of 2.15 and a debt-to-equity ratio of 0.63.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, April 23rd. The conglomerate reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.31. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Carlisle Companies had a net margin of 8.34% and a return on equity of 15.22%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, sell-side analysts predict that Carlisle Companies, Inc. will post 7.8 earnings per share for the current year.

Carlisle Companies announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 5th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. Carlisle Companies’s payout ratio is presently 25.72%.

In other Carlisle Companies news, insider John E. Berlin sold 15,150 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $124.24, for a total transaction of $1,882,236.00. Following the sale, the insider now owns 47,221 shares of the company’s stock, valued at $5,866,737.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Several research analysts have commented on CSL shares. SunTrust Banks restated a “buy” rating and set a $138.00 price objective on shares of Carlisle Companies in a research report on Sunday, February 10th. Oppenheimer boosted their price objective on shares of Carlisle Companies from $140.00 to $150.00 in a research report on Wednesday, April 24th. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Monday, April 29th. Finally, BMO Capital Markets boosted their target price on shares of Carlisle Companies from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 19th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $139.86.

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Carlisle Companies Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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