Public Employees Retirement Association of Colorado Acquires 6,613 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Public Employees Retirement Association of Colorado grew its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,166 shares of the conglomerate’s stock after acquiring an additional 6,613 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Carlisle Companies were worth $94,886,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Intech Investment Management LLC grew its position in Carlisle Companies by 1,423.6% in the second quarter. Intech Investment Management LLC now owns 31,676 shares of the conglomerate’s stock worth $12,835,000 after acquiring an additional 29,597 shares in the last quarter. XTX Topco Ltd grew its position in Carlisle Companies by 349.4% in the second quarter. XTX Topco Ltd now owns 6,036 shares of the conglomerate’s stock worth $2,446,000 after acquiring an additional 4,693 shares in the last quarter. Marathon Trading Investment Management LLC bought a new stake in Carlisle Companies in the second quarter worth approximately $228,000. Seven Eight Capital LP bought a new stake in Carlisle Companies in the second quarter worth approximately $1,191,000. Finally, Hsbc Holdings PLC grew its position in Carlisle Companies by 22.5% in the second quarter. Hsbc Holdings PLC now owns 14,520 shares of the conglomerate’s stock worth $5,893,000 after acquiring an additional 2,668 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 600 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP David W. Smith sold 600 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

CSL has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $480.00 price objective (up from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $433.00.

Carlisle Companies Price Performance

NYSE CSL opened at $438.58 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $410.20 and a 200 day simple moving average of $401.78. The company has a market cap of $20.88 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.30 and a beta of 0.90. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $443.87.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating the consensus estimate of $5.84 by $0.40. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $5.18 EPS. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a dividend of $1.00 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is presently 23.19%.

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.