Retirement Systems of Alabama Has $45.24 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Retirement Systems of Alabama grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 0.4% in the third quarter, Holdings Channel.com reports. The fund owned 100,593 shares of the conglomerate’s stock after buying an additional 406 shares during the period. Retirement Systems of Alabama’s holdings in Carlisle Companies were worth $45,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Carlisle Companies during the 3rd quarter worth about $25,000. ORG Wealth Partners LLC bought a new stake in Carlisle Companies in the third quarter valued at $32,000. True Wealth Design LLC grew its holdings in shares of Carlisle Companies by 1,400.0% in the 3rd 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. ORG Partners LLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth about $31,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Carlisle Companies during the 2nd quarter valued at about $39,000. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CSL. Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Robert W. Baird decreased their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer raised their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Stock Performance

Shares of CSL traded down $4.34 during mid-day trading on Friday, hitting $419.42. 18,163 shares of the company’s stock were exchanged, compared to its average volume of 322,510. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The stock’s 50-day simple moving average is $447.95 and its 200-day simple moving average is $426.35. Carlisle Companies Incorporated has a 52 week low of $297.25 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.68 earnings per share. On average, equities research analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Insider Activity

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

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.