Teacher Retirement System of Texas boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 61.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,363 shares of the conglomerate’s stock after acquiring an additional 3,186 shares during the quarter. Teacher Retirement System of Texas’ holdings in Carlisle Companies were worth $839,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of CSL. Creative Planning raised its position in Carlisle Companies by 8.8% during the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after acquiring an additional 150 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Carlisle Companies by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 23,562 shares of the conglomerate’s stock valued at $2,248,000 after purchasing an additional 1,015 shares during the period. LS Investment Advisors LLC raised its position in shares of Carlisle Companies by 15.9% in the second quarter. LS Investment Advisors LLC now owns 5,842 shares of the conglomerate’s stock valued at $557,000 after purchasing an additional 803 shares during the period. Aperio Group LLC raised its position in shares of Carlisle Companies by 17.1% in the second quarter. Aperio Group LLC now owns 12,369 shares of the conglomerate’s stock valued at $1,180,000 after purchasing an additional 1,802 shares during the period. Finally, State Treasurer State of Michigan raised its position in shares of Carlisle Companies by 1.5% in the second quarter. State Treasurer State of Michigan now owns 26,620 shares of the conglomerate’s stock valued at $2,540,000 after purchasing an additional 400 shares during the period. 88.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on CSL shares. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Carlisle Companies in a research report on Sunday, August 27th. FBR & Co set a $125.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. BidaskClub lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $122.33.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of Carlisle Companies stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total transaction of $589,437.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.12% of the stock is owned by insiders.
Carlisle Companies Incorporated (CSL) opened at $110.54 on Wednesday. Carlisle Companies Incorporated has a 52-week low of $92.09 and a 52-week high of $116.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.14. The stock has a market cap of $6,810.41, a price-to-earnings ratio of 20.34, a P/E/G ratio of 1.39 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.02. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company earned $1.74 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. analysts expect that Carlisle Companies Incorporated will post 4.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a yield of 1.34%. Carlisle Companies’s dividend payout ratio is currently 29.31%.
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Carlisle Companies Profile
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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