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

Retirement Systems of Alabama lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,603 shares of the conglomerate’s stock after selling 1,537 shares during the quarter. Retirement Systems of Alabama owned 0.23% of Carlisle Companies worth $30,260,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in Carlisle Companies by 4.9% in the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock valued at $223,000 after acquiring an additional 32 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in Carlisle Companies by 0.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock worth $1,849,000 after purchasing an additional 33 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Carlisle Companies by 43.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after purchasing an additional 34 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Carlisle Companies by 1.0% in the 3rd quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock valued at $1,160,000 after purchasing an additional 34 shares during the period. Finally, Nicolet Advisory Services LLC raised its stake in shares of Carlisle Companies by 3.5% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock valued at $337,000 after purchasing an additional 35 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CSL. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday. JPMorgan Chase & Co. upped their price target on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Oppenheimer lifted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $399.17.

Insider Buying and Selling

In related news, insider Stephen Schwar sold 6,049 shares of the business’s stock in a transaction 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 directly owned 8,540 shares in the company, valued at approximately $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David W. Smith sold 1,800 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total transaction of $745,290.00. Following the sale, the vice president directly owned 3,697 shares in the company, valued at $1,530,742.85. This trade represents a 32.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 68,289 shares of company stock worth $28,125,467. 1.30% of the stock is owned by corporate insiders.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $333.55 on Wednesday. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.04 and a beta of 0.91. The business has a 50-day moving average of $368.86 and a 200-day moving average of $343.01. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.Carlisle Companies’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.47 earnings per share. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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

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.