Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in Carlisle Companies Incorporated (NYSE:CSL) by 16.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,579 shares of the conglomerate’s stock after selling 1,320 shares during the period. State of Alaska Department of Revenue’s holdings in Carlisle Companies were worth $2,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Resonant Capital Advisors LLC lifted its position in Carlisle Companies by 3.4% in the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock valued at $332,000 after purchasing an additional 24 shares during the period. Equitable Trust Co. raised its stake in shares of Carlisle Companies by 0.4% during the 2nd quarter. Equitable Trust Co. now owns 8,589 shares of the conglomerate’s stock worth $3,480,000 after buying an additional 30 shares in the last quarter. Patten Group Inc. lifted its holdings in shares of Carlisle Companies by 3.6% in the 3rd quarter. Patten Group Inc. now owns 1,016 shares of the conglomerate’s stock valued at $457,000 after buying an additional 35 shares during the period. CWM LLC lifted its holdings in shares of Carlisle Companies by 1.6% in the 2nd quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock valued at $1,005,000 after buying an additional 38 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of Carlisle Companies by 5.5% in the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $422.16 on Friday. Carlisle Companies Incorporated has a fifty-two week low of $252.55 and a fifty-two week high of $481.26. The firm has a market capitalization of $19.52 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The stock’s fifty day moving average is $435.55 and its two-hundred day moving average is $417.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company posted $4.68 earnings per share. Carlisle Companies’s revenue was up 5.9% on a year-over-year basis. Analysts predict that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CSL shares. Robert W. Baird cut their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Oppenheimer raised their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $475.00.

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.