Retirement Systems of Alabama Trims Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Retirement Systems of Alabama lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,683 shares of the conglomerate’s stock after selling 851 shares during the period. Retirement Systems of Alabama owned about 0.22% of Carlisle Companies worth $33,602,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CSL. Blue Trust Inc. boosted its position in Carlisle Companies by 33.9% during the 1st quarter. Blue Trust Inc. now owns 446 shares of the conglomerate’s stock valued at $152,000 after acquiring an additional 113 shares in the last quarter. Advisory Resource Group boosted its position in Carlisle Companies by 12.2% during the 1st quarter. Advisory Resource Group now owns 13,920 shares of the conglomerate’s stock valued at $4,740,000 after acquiring an additional 1,516 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Carlisle Companies by 0.9% during the 1st quarter. State of Alaska Department of Revenue now owns 5,199 shares of the conglomerate’s stock valued at $1,770,000 after acquiring an additional 45 shares in the last quarter. CWA Asset Management Group LLC boosted its position in Carlisle Companies by 28.5% during the 1st quarter. CWA Asset Management Group LLC now owns 5,608 shares of the conglomerate’s stock valued at $1,910,000 after acquiring an additional 1,244 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC boosted its position in Carlisle Companies by 159.2% during the 1st quarter. Birch Hill Investment Advisors LLC now owns 48,864 shares of the conglomerate’s stock valued at $16,638,000 after acquiring an additional 30,015 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSL. Robert W. Baird lifted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Truist Financial cut their price objective on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Finally, Wall Street Zen upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $454.00.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $354.13 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $15.32 billion, a P/E ratio of 13.18, a PEG ratio of 1.07 and a beta of 1.06. The stock’s 50 day moving average is $377.40 and its 200 day moving average is $369.49. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.08. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.72 EPS. On average, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 1.13%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.89%.

Carlisle Companies Profile

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.