Carlisle Companies Incorporated $CSL Holdings Trimmed by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,100 shares of the conglomerate’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Carlisle Companies were worth $4,518,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Carlisle Companies by 4.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate’s stock worth $394,244,000 after purchasing an additional 49,102 shares in the last quarter. Madison Asset Management LLC grew its position in Carlisle Companies by 28.2% during the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock worth $175,403,000 after purchasing an additional 113,312 shares in the last quarter. Bessemer Group Inc. grew its position in Carlisle Companies by 8.4% during the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate’s stock worth $171,880,000 after purchasing an additional 39,329 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Carlisle Companies by 11.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock valued at $170,017,000 after acquiring an additional 50,578 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Carlisle Companies by 1.4% during the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock valued at $168,737,000 after acquiring an additional 6,948 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CSL. JPMorgan Chase & Co. lowered their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday. Finally, Truist Financial lowered their price target on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, September 22nd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $429.17.

Carlisle Companies Trading Up 1.4%

Shares of NYSE:CSL opened at $329.57 on Thursday. The stock has a market capitalization of $14.09 billion, a PE ratio of 18.41, a P/E/G ratio of 1.05 and a beta of 1.00. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The firm has a fifty day moving average price of $362.85 and a 200 day moving average price of $372.59. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.24 earnings per share. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.58%.

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.