New Mexico Educational Retirement Board Has $3.34 Million Position in Carlisle Companies Incorporated $CSL

New Mexico Educational Retirement Board trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,940 shares of the conglomerate’s stock after selling 500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Carlisle Companies were worth $3,338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tributary Capital Management LLC boosted its position in Carlisle Companies by 3.9% during the 2nd quarter. Tributary Capital Management LLC now owns 3,614 shares of the conglomerate’s stock worth $1,349,000 after buying an additional 135 shares during the period. Ethic Inc. lifted its holdings in shares of Carlisle Companies by 3.0% during the second quarter. Ethic Inc. now owns 4,473 shares of the conglomerate’s stock worth $1,674,000 after purchasing an additional 132 shares during the period. Birch Hill Investment Advisors LLC grew its stake in shares of Carlisle Companies by 3.8% in the second quarter. Birch Hill Investment Advisors LLC now owns 50,717 shares of the conglomerate’s stock worth $18,938,000 after purchasing an additional 1,853 shares during the last quarter. Foster & Motley Inc. raised its position in Carlisle Companies by 151.2% during the 2nd quarter. Foster & Motley Inc. now owns 1,992 shares of the conglomerate’s stock worth $744,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in Carlisle Companies by 14.8% during the 2nd quarter. Private Trust Co. NA now owns 472 shares of the conglomerate’s stock worth $176,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Down 1.3%

NYSE CSL opened at $330.88 on Thursday. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $472.66. The business has a 50 day moving average price of $355.14 and a 200-day moving average price of $371.52. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $6.24 EPS. As a group, equities analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CSL shares. Vertical Research initiated coverage on Carlisle Companies in a research note on Monday. They issued a “hold” rating for the company. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Oppenheimer dropped their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday. Robert W. Baird reduced their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Finally, Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $390.00.

Carlisle Companies 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.