Strs Ohio Sells 38,101 Shares of Carlisle Companies Incorporated $CSL

Strs Ohio cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 97.5% in the 1st quarter, HoldingsChannel reports. The fund owned 991 shares of the conglomerate’s stock after selling 38,101 shares during the quarter. Strs Ohio’s holdings in Carlisle Companies were worth $331,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CSL. BOK Financial Private Wealth Inc. purchased a new position in shares of Carlisle Companies in the fourth quarter worth $27,000. Osterweis Capital Management Inc. purchased a new stake in Carlisle Companies during the 2nd quarter valued at $36,000. Torren Management LLC bought a new stake in Carlisle Companies in the 4th quarter worth $33,000. Quarry LP bought a new stake in Carlisle Companies in the 4th quarter worth $36,000. Finally, Rothschild Investment LLC increased its position in shares of Carlisle Companies by 3,866.7% in the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 116 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CSL. Truist Financial lowered their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Raymond James Financial assumed coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Robert W. Baird upped their price target on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Finally, Oppenheimer lifted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $402.14.

Carlisle Companies Stock Up 0.1%

Shares of NYSE CSL traded up $0.27 during mid-day trading on Friday, hitting $330.26. 811,575 shares of the stock traded hands, compared to its average volume of 500,924. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.04 and a beta of 0.85. The stock has a fifty day moving average price of $350.22 and a 200-day moving average price of $355.09. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. 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 announced its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business posted $3.61 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Research analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

About Carlisle Companies

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.