VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 9,820 Carlisle Companies Incorporated $CSL

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,820 shares of the conglomerate’s stock, valued at approximately $3,562,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CSL. California State Teachers Retirement System grew its stake in shares of Carlisle Companies by 29,027.9% during the second quarter. California State Teachers Retirement System now owns 20,404,688 shares of the conglomerate’s stock worth $7,401,801,000 after purchasing an additional 20,334,636 shares during the period. BlackRock Inc. acquired a new position in Carlisle Companies in the second quarter valued at about $1,499,602,000. State Street Corp boosted its holdings in Carlisle Companies by 6.9% during the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after buying an additional 134,241 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Carlisle Companies by 26.8% during the first quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after buying an additional 251,614 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Carlisle Companies by 2.6% during the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after buying an additional 27,049 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Carlisle Companies Price Performance

NYSE CSL opened at $337.66 on Thursday. The firm’s 50 day moving average is $354.90 and its 200-day moving average is $353.61. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $13.41 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.07 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.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping the consensus estimate of $6.35 by $0.68. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.27 earnings per share. Equities research analysts anticipate that Carlisle Companies Incorporated will post 21.27 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 1st. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 19th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is currently 28.69%.

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.