Carlisle Companies Incorporated (NYSE:CSL) Stake Raised by State of Michigan Retirement System

State of Michigan Retirement System boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 2.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 11,972 shares of the conglomerate’s stock after purchasing an additional 300 shares during the quarter. State of Michigan Retirement System’s holdings in Carlisle Companies were worth $4,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commerce Bank lifted its holdings in shares of Carlisle Companies by 1.4% during the fourth quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after buying an additional 34 shares during the last quarter. Astoria Portfolio Advisors LLC. boosted its holdings in Carlisle Companies by 5.0% in the first quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock valued at $265,000 after acquiring an additional 34 shares during the last quarter. Allworth Financial LP raised its position in shares of Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 40 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Carlisle Companies by 1.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the conglomerate’s stock worth $1,511,000 after purchasing an additional 43 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Carlisle Companies by 3.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,522 shares of the conglomerate’s stock worth $475,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $405.21 on Wednesday. The company has a market cap of $19.29 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $430.21. The business has a 50 day moving average price of $410.80 and a 200-day moving average price of $367.69. The company has a quick ratio of 2.61, a current ratio of 2.95 and a debt-to-equity ratio of 0.66.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, topping the consensus estimate of $2.74 by $0.98. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. Equities analysts anticipate that Carlisle Companies Incorporated will post 19.93 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, May 17th. Carlisle Companies’s dividend payout ratio (DPR) is presently 19.71%.

Analyst Ratings Changes

A number of research firms have weighed in on CSL. Loop Capital raised their price target on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. The Goldman Sachs Group assumed coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target for the company. Oppenheimer lifted their price objective on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Robert W. Baird boosted their price target on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $416.00.

Insider Activity

In other Carlisle Companies news, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the sale, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at $645,540. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Stephen Aldrich sold 1,095 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the transaction, the chief accounting officer now owns 1,624 shares in the company, valued at approximately $645,540. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David W. Smith sold 2,037 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $405.58, for a total value of $826,166.46. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,149,413.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,059 shares of company stock worth $24,334,065. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Profile

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.