Maryland State Retirement & Pension System Reduces Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Maryland State Retirement & Pension System decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,409 shares of the conglomerate’s stock after selling 309 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Carlisle Companies were worth $889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pensionfund Sabic acquired a new position in shares of Carlisle Companies in the fourth quarter worth $1,291,000. Geode Capital Management LLC grew its stake in Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after purchasing an additional 102,436 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in Carlisle Companies during the 3rd quarter worth about $631,000. Nordea Investment Management AB raised its position in Carlisle Companies by 3.9% in the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock valued at $1,440,000 after purchasing an additional 145 shares in the last quarter. Finally, Moody National Bank Trust Division purchased a new position in shares of Carlisle Companies in the 4th quarter valued at about $872,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlisle Companies

In other news, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the sale, the vice president now owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CSL. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Loop Capital decreased their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Price Performance

CSL stock opened at $336.89 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock’s 50 day moving average price is $359.46 and its 200 day moving average price is $403.36. The firm has a market cap of $15.01 billion, a P/E ratio of 12.19, a PEG ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 1 year low of $321.93 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period last year, the firm earned $4.17 earnings per share. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s payout ratio is currently 14.48%.

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.