Public Employees Retirement System of Ohio Buys Shares of 13,494 Carlisle Companies Incorporated $CSL

Public Employees Retirement System of Ohio purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,494 shares of the conglomerate’s stock, valued at approximately $4,895,000.

A number of other institutional investors also recently modified their holdings of CSL. Goldman Sachs Group Inc. grew its position in Carlisle Companies by 36.9% in the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after acquiring an additional 28,414 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Carlisle Companies by 8.4% in the second quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after acquiring an additional 197 shares during the last quarter. Jump Financial LLC bought a new position in shares of Carlisle Companies in the second quarter worth about $1,345,000. Bank of Nova Scotia boosted its stake in shares of Carlisle Companies by 118.6% in the 2nd quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock valued at $615,000 after purchasing an additional 893 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Carlisle Companies by 40.0% during the 2nd quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock valued at $43,088,000 after purchasing an additional 32,996 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Up 2.3%

Shares of CSL opened at $342.67 on Thursday. The company has a market capitalization of $13.61 billion, a PE ratio of 19.66, a PEG ratio of 1.05 and a beta of 0.84. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $432.91. The stock’s 50-day moving average price is $357.89 and its two-hundred day moving average price is $355.80. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating the consensus estimate of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.27 earnings per share. On average, analysts anticipate that Carlisle Companies Incorporated will post 21.27 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is 28.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. DA Davidson assumed coverage on shares of Carlisle Companies in a research report on Monday, August 24th. They set a “neutral” rating and a $410.00 price objective for the company. Weiss Ratings upgraded shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Truist Financial cut their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Finally, Robert W. Baird set a $412.00 price objective on Carlisle Companies in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Hold” and a consensus price target of $402.43.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.