Louisiana State Employees Retirement System Has $4.52 Million Stake in Carlisle Companies Incorporated $CSL

Louisiana State Employees Retirement System decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.2% in the second quarter, Holdings Channel reports. The fund owned 12,100 shares of the conglomerate’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Carlisle Companies were worth $4,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSL. Dagco Inc. acquired a new position in shares of Carlisle Companies during the first quarter valued at about $27,000. MAI Capital Management raised its position in shares of Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after buying an additional 34 shares during the last quarter. CX Institutional acquired a new position in shares of Carlisle Companies during the first quarter valued at about $49,000. Wayfinding Financial LLC acquired a new position in shares of Carlisle Companies during the first quarter valued at about $55,000. Finally, Allworth Financial LP raised its position in shares of Carlisle Companies by 32.8% during the first quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock valued at $58,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $329.57 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.05 and a beta of 1.00. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The firm’s 50-day moving average price is $362.85 and its two-hundred day moving average price is $372.59.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $6.24 earnings per share. Carlisle Companies’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s payout ratio is 24.58%.

Analyst Ratings Changes

CSL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Truist Financial dropped their price target on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, September 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday. Finally, Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Hold” and a consensus target price of $429.17.

Carlisle Companies Company 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.