Carlisle Companies Incorporated $CSL Holdings Cut by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 71.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,800 shares of the conglomerate’s stock after selling 7,020 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Carlisle Companies were worth $902,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CSL. BlackRock Inc. purchased a new position in Carlisle Companies in the second quarter worth about $1,499,602,000. Bank of New York Mellon Corp purchased a new position in shares of Carlisle Companies in the second quarter worth $405,245,000. Bessemer Group Inc. raised its stake in shares of Carlisle Companies by 3.0% in the first quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock worth $207,078,000 after purchasing an additional 17,847 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Carlisle Companies by 22.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock valued at $190,508,000 after buying an additional 97,326 shares during the last quarter. Finally, Madison Asset Management LLC purchased a new position in Carlisle Companies in the 2nd quarter worth about $152,865,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the subject of a number of research analyst reports. Robert W. Baird set a $410.00 price target on shares of Carlisle Companies in a research note on Thursday, October 29th. DA Davidson set a $355.00 target price on Carlisle Companies in a report on Friday, October 9th. Finally, Weiss Ratings upgraded Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $395.83.

Carlisle Companies Trading Down 4.7%

Carlisle Companies stock opened at $380.03 on Friday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $432.91. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 1.26 and a beta of 0.78. The firm has a 50 day moving average of $339.01 and a 200 day moving average of $353.09. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 2.01.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $5.92 EPS for the quarter, beating the consensus estimate of $5.89 by $0.03. Carlisle Companies had a net margin of 13.78% and a return on equity of 51.25%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm earned $5.61 EPS. The company’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts predict that Carlisle Companies Incorporated will post 21.11 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 18th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, November 18th. Carlisle Companies’s dividend payout ratio is presently 28.26%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.