Municipal Employees Retirement System of Michigan Reduces Holdings in Carlisle Companies Incorporated (CSL)
Municipal Employees Retirement System of Michigan lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 23.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,110 shares of the conglomerate’s stock after selling 5,830 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Carlisle Companies were worth $1,917,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Carlisle Companies by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,928,831 shares of the conglomerate’s stock valued at $565,611,000 after buying an additional 35,069 shares during the period. Atlanta Capital Management Co. L L C increased its stake in Carlisle Companies by 12.3% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 2,931,083 shares of the conglomerate’s stock valued at $279,625,000 after buying an additional 320,305 shares during the period. State Street Corp increased its stake in Carlisle Companies by 1.5% in the 2nd quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock valued at $246,131,000 after buying an additional 38,112 shares during the period. Janus Henderson Group PLC acquired a new position in Carlisle Companies in the 2nd quarter valued at approximately $181,824,000. Finally, Schroder Investment Management Group increased its stake in Carlisle Companies by 42.8% in the 2nd quarter. Schroder Investment Management Group now owns 1,277,655 shares of the conglomerate’s stock valued at $120,202,000 after buying an additional 383,088 shares during the period. Hedge funds and other institutional investors own 90.06% of the company’s stock.
Several research analysts have weighed in on CSL shares. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Carlisle Companies in a research note on Sunday, August 27th. FBR & Co set a $125.00 price target on shares of Carlisle Companies and gave the stock a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, BMO Capital Markets restated a “buy” rating and set a $130.00 price target on shares of Carlisle Companies in a research note on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Carlisle Companies presently has a consensus rating of “Hold” and an average price target of $122.33.
Shares of Carlisle Companies Incorporated (NYSE CSL) traded down $0.78 on Wednesday, hitting $108.32. 367,500 shares of the stock traded hands, compared to its average volume of 482,530. Carlisle Companies Incorporated has a 52 week low of $92.09 and a 52 week high of $116.40. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. The firm has a market cap of $6,763.29, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 1.37 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business posted $1.74 EPS. Carlisle Companies’s revenue was up 9.9% compared to the same quarter last year. research analysts anticipate that Carlisle Companies Incorporated will post 4.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a yield of 1.37%. Carlisle Companies’s payout ratio is presently 29.31%.
In related news, insider John E. Berlin sold 6,250 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total value of $589,437.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.12% of the company’s stock.
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Carlisle Companies Company 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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