Louisiana State Employees Retirement System Decreases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Louisiana State Employees Retirement System cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,500 shares of the conglomerate’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Carlisle Companies were worth $4,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies in the third quarter valued at $25,000. ORG Wealth Partners LLC purchased a new stake in Carlisle Companies in the 3rd quarter worth about $32,000. True Wealth Design LLC lifted its stake in Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares during the last quarter. Quarry LP lifted its stake in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 57 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Carlisle Companies by 55.4% during the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after buying an additional 67 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now directly owns 2,665 shares of the company’s stock, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,475 shares of company stock worth $541,219 in the last three months. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CSL has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Oppenheimer reiterated an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Robert W. Baird cut their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Loop Capital reduced their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Truist Financial started coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $354.26 on Thursday. Carlisle Companies Incorporated has a 12 month low of $338.52 and a 12 month high of $481.26. The stock’s fifty day moving average price is $386.62 and its 200-day moving average price is $415.61. The firm has a market cap of $16.06 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.04 and a beta of 0.96. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 33.14%. During the same quarter in the previous year, the business posted $4.17 EPS. On average, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.48%.

About Carlisle Companies

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.