1,510 Shares in Carlisle Companies Incorporated $CSL Bought by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,510 shares of the conglomerate’s stock, valued at approximately $483,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bridges Investment Management Inc. raised its holdings in Carlisle Companies by 221.3% during the third quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after buying an additional 102,014 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Carlisle Companies by 4.0% during the third quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after buying an additional 8,701 shares during the last quarter. Citigroup Inc. raised its holdings in Carlisle Companies by 51.8% during the third quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after buying an additional 9,673 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in Carlisle Companies during the third quarter worth $540,000. Finally, M&G PLC acquired a new position in Carlisle Companies during the third quarter worth $11,913,000. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CSL. Robert W. Baird upped their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Raymond James Financial began coverage on shares of Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective on the stock. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Finally, William Blair restated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Stock Up 0.5%

Carlisle Companies stock opened at $334.18 on Friday. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The stock has a market cap of $13.52 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.05 and a beta of 0.88. The firm’s 50-day simple moving average is $344.71 and its 200 day simple moving average is $347.12. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the company earned $3.61 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Research analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a dividend of $1.10 per share. The ex-dividend date is Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s payout ratio is 25.87%.

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.