Retirement Systems of Alabama Sells 1,356 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Retirement Systems of Alabama lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 112,495 shares of the conglomerate’s stock after selling 1,356 shares during the period. Retirement Systems of Alabama’s holdings in Carlisle Companies were worth $35,147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Morgan Stanley raised its holdings in shares of Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after acquiring an additional 90,597 shares in the last quarter. FMR LLC raised its holdings in shares of Carlisle Companies by 1.5% during the third quarter. FMR LLC now owns 829,655 shares of the conglomerate’s stock valued at $215,096,000 after acquiring an additional 12,552 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after acquiring an additional 413,691 shares in the last quarter. Platinum Investment Management Ltd. raised its holdings in shares of Carlisle Companies by 13.8% during the third quarter. Platinum Investment Management Ltd. now owns 323,490 shares of the conglomerate’s stock valued at $83,868,000 after acquiring an additional 39,227 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Carlisle Companies by 2.6% during the fourth quarter. Truist Financial Corp now owns 321,222 shares of the conglomerate’s stock valued at $100,359,000 after acquiring an additional 8,195 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CSL shares. Loop Capital upped their target price on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird upped their price target on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday. Oppenheimer upped their price target on Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, The Goldman Sachs Group assumed coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus target price of $398.33.

Carlisle Companies Trading Up 4.9 %

NYSE CSL opened at $400.56 on Monday. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $415.00. The stock has a market cap of $19.15 billion, a P/E ratio of 23.22, a P/E/G ratio of 1.40 and a beta of 0.93. The stock’s fifty day moving average price is $371.87 and its 200-day moving average price is $320.89. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.23% and a net margin of 17.13%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $993.06 million. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 19.08 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.85 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.85%. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Insider Transactions at Carlisle Companies

In other news, CEO D Christian Koch sold 6,454 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP David W. Smith sold 700 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $959,422.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at $30,114,169.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,255 shares of company stock valued at $5,231,360. Insiders own 1.50% of the company’s stock.

About Carlisle Companies

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.