Illinois Municipal Retirement Fund Buys 11,256 Shares of Carlisle Companies Incorporated $CSL

Illinois Municipal Retirement Fund raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 259.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,601 shares of the conglomerate’s stock after buying an additional 11,256 shares during the period. Illinois Municipal Retirement Fund’s holdings in Carlisle Companies were worth $5,205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in Carlisle Companies in the fourth quarter worth approximately $76,626,000. SG Americas Securities LLC raised its stake in shares of Carlisle Companies by 744.0% during the fourth quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock worth $29,162,000 after acquiring an additional 80,368 shares in the last quarter. Waycross Partners LLC lifted its holdings in shares of Carlisle Companies by 35.4% in the 4th quarter. Waycross Partners LLC now owns 54,465 shares of the conglomerate’s stock worth $17,421,000 after acquiring an additional 14,228 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $8,582,000. Finally, Marshall Financial Group LLC purchased a new stake in shares of Carlisle Companies in the 4th quarter valued at $730,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 2.2%

Shares of CSL opened at $345.03 on Friday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The firm’s 50-day moving average price is $348.34 and its 200-day moving average price is $355.49. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.09 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the business posted $3.61 earnings per share. Carlisle Companies’s quarterly revenue was down 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

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

Analysts Set New Price Targets

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

Carlisle Companies Profile

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.