State of Michigan Retirement System Has $3.87 Million Stock Position in Carlisle Companies Incorporated $CSL

State of Michigan Retirement System lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 2.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,372 shares of the conglomerate’s stock after selling 300 shares during the period. State of Michigan Retirement System’s holdings in Carlisle Companies were worth $3,873,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its stake in Carlisle Companies by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after buying an additional 130,235 shares during the last quarter. Bessemer Group Inc. grew its stake in Carlisle Companies by 26.7% in the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock valued at $238,791,000 after buying an additional 134,718 shares during the last quarter. Madison Asset Management LLC grew its stake in Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock valued at $175,403,000 after buying an additional 113,312 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Carlisle Companies by 11.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock valued at $170,017,000 after buying an additional 50,578 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Carlisle Companies by 1.4% in the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock valued at $168,737,000 after buying an additional 6,948 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $326.62 on Wednesday. The company has a 50 day moving average of $345.18 and a 200-day moving average of $371.60. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $472.66. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The company has a market cap of $13.96 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $5.78 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Carlisle Companies has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 14th. Carlisle Companies’s dividend payout ratio is 24.96%.

Analysts Set New Price Targets

CSL has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Vertical Research initiated coverage on shares of Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating for the company. Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Carlisle Companies in a report on Thursday, October 30th. Finally, Oppenheimer cut their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $386.67.

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.