Oregon Public Employees Retirement Fund Sells 2,100 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Oregon Public Employees Retirement Fund cut its position in Carlisle Companies Incorporated (NYSE:CSL) by 17.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,873 shares of the conglomerate’s stock after selling 2,100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Carlisle Companies were worth $4,001,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Equitable Trust Co. increased its holdings in shares of Carlisle Companies by 0.4% during the second quarter. Equitable Trust Co. now owns 8,589 shares of the conglomerate’s stock valued at $3,480,000 after acquiring an additional 30 shares in the last quarter. Commerce Bank increased its stake in Carlisle Companies by 1.4% during the 4th quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock valued at $768,000 after purchasing an additional 34 shares in the last quarter. Astoria Portfolio Advisors LLC. raised its holdings in Carlisle Companies by 5.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock worth $265,000 after buying an additional 34 shares during the last quarter. CWM LLC lifted its stake in shares of Carlisle Companies by 1.6% in the second quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock valued at $1,005,000 after buying an additional 38 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Carlisle Companies by 5.5% during the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after buying an additional 41 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction dated 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 directly owns 35,641 shares in the company, valued at $15,157,760.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 35,641 shares in the company, valued at $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of analyst reports. Robert W. Baird upped 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 reissued an “outperform” rating and issued a $480.00 price objective (up from $475.00) on shares of Carlisle Companies in a research note on Wednesday. Finally, StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $433.00.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $402.34 on Thursday. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $443.87. The company’s 50 day moving average price is $410.23 and its two-hundred day moving average price is $397.68. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. The stock has a market cap of $18.60 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.37 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. Carlisle Companies’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $5.18 earnings per share. On average, equities analysts predict that Carlisle Companies Incorporated will post 20.58 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 annualized dividend and a yield of 0.99%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is presently 23.19%.

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.