Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 99,534 shares of the conglomerate’s stock after selling 1,059 shares during the quarter. Retirement Systems of Alabama owned about 0.22% of Carlisle Companies worth $36,712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Carlisle Companies during the third quarter worth $25,000. ORG Wealth Partners LLC acquired a new stake in Carlisle Companies during the third quarter worth $32,000. True Wealth Design LLC increased its stake in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares during the last quarter. UMB Bank n.a. increased its stake in Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after acquiring an additional 92 shares during the last quarter. Finally, Quarry LP increased its stake in Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Robert W. Baird cut their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, Loop Capital dropped their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Buying and Selling

In other news, VP David W. Smith sold 275 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Trading Down 9.0 %

CSL opened at $342.29 on Thursday. Carlisle Companies Incorporated has a 12 month low of $313.56 and a 12 month high of $481.26. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The business has a fifty day moving average price of $396.31 and a 200 day moving average price of $417.97.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. During the same quarter in the previous year, the business posted $4.17 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.17%. Carlisle Companies’s payout ratio is 14.15%.

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.