Carlisle Companies Incorporated $CSL Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Cuts Stake

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 71.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,800 shares of the conglomerate’s stock after selling 7,020 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Carlisle Companies were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Nykredit A S purchased a new position in Carlisle Companies during the 2nd quarter valued at about $2,747,000. Empowered Funds LLC purchased a new position in Carlisle Companies during the second quarter valued at approximately $1,914,000. Squarepoint Ops LLC grew its stake in Carlisle Companies by 28.8% during the second quarter. Squarepoint Ops LLC now owns 47,679 shares of the conglomerate’s stock valued at $17,296,000 after acquiring an additional 10,653 shares in the last quarter. Legal & General Group Plc bought a new stake in Carlisle Companies during the 2nd quarter worth approximately $49,811,000. Finally, Man Group plc purchased a new stake in Carlisle Companies in the 2nd quarter worth approximately $4,682,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CSL. Weiss Ratings upgraded Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. DA Davidson set a $355.00 target price on shares of Carlisle Companies in a research report on Friday, October 9th. Finally, Robert W. Baird set a $410.00 price objective on shares of Carlisle Companies in a research report on Thursday, October 29th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.83.

Read Our Latest Analysis on CSL

Carlisle Companies Stock Down 4.7%

NYSE CSL opened at $380.03 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.40 and a quick ratio of 1.80. The stock has a market capitalization of $14.69 billion, a PE ratio of 21.48, a PEG ratio of 1.26 and a beta of 0.78. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $432.91. The business’s 50-day moving average is $339.01 and its 200 day moving average is $353.09.

Carlisle Companies (NYSE:CSL – Get Free Report) last announced its earnings results on Wednesday, October 28th. The conglomerate reported $5.92 EPS for the quarter, beating analysts’ consensus estimates of $5.89 by $0.03. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. Carlisle Companies had a return on equity of 51.25% and a net margin of 13.78%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.61 earnings per share. Sell-side analysts forecast that Carlisle Companies Incorporated will post 21.11 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 18th will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio is currently 28.26%.

Carlisle Companies Company Profile

(Free Report)

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.

Further Reading

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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