Carlisle Companies Incorporated (NYSE:CSL) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lifted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 owned 0.49% of Carlisle Companies worth $94,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Intech Investment Management LLC lifted its stake in shares of Carlisle Companies by 1,423.6% in the 2nd 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 during the period. XTX Topco Ltd raised its holdings in shares of Carlisle Companies by 349.4% in the 2nd quarter. XTX Topco Ltd now owns 6,036 shares of the conglomerate’s stock worth $2,446,000 after purchasing an additional 4,693 shares in the last quarter. Marathon Trading Investment Management LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $228,000. Seven Eight Capital LP bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $1,191,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Carlisle Companies by 22.5% in the 2nd quarter. Hsbc Holdings PLC now owns 14,520 shares of the conglomerate’s stock worth $5,893,000 after purchasing an additional 2,668 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSL. 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 report on Monday, July 15th. Oppenheimer reiterated an “outperform” rating and issued a $480.00 target price (up from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. Finally, StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus target price of $433.00.

Carlisle Companies Stock Up 3.1 %

CSL stock opened at $438.58 on Friday. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $443.87. The company’s 50 day simple moving average is $410.20 and its 200-day simple moving average is $401.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The firm has a market capitalization 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 (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business earned $5.18 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.91%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is currently 23.19%.

Insider Buying and Selling at Carlisle Companies

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

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.