Retirement Systems of Alabama Decreases Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Retirement Systems of Alabama lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,534 shares of the conglomerate's stock after selling 1,059 shares during the quarter. Retirement Systems of Alabama owned about 0.22% of Carlisle Companies worth $36,712,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CSL. Pensionfund Sabic purchased a new position in shares of Carlisle Companies in the 4th quarter valued at about $1,291,000. KBC Group NV lifted its stake in Carlisle Companies by 34.9% in the third quarter. KBC Group NV now owns 10,646 shares of the conglomerate's stock worth $4,788,000 after acquiring an additional 2,752 shares during the last quarter. Geode Capital Management LLC grew its holdings in Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock worth $391,827,000 after acquiring an additional 102,436 shares in the last quarter. Quest Partners LLC increased its position in shares of Carlisle Companies by 624.8% in the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate's stock valued at $2,090,000 after purchasing an additional 4,005 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Carlisle Companies in the 3rd quarter valued at $631,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded up $1.33 during trading hours on Friday, reaching $350.70. The stock had a trading volume of 372,403 shares, compared to its average volume of 389,157. The firm has a 50-day moving average of $392.01 and a 200-day moving average of $416.88. The firm has a market cap of $15.90 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.04 and a beta of 0.96. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a fifty-two week low of $337.01 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period in the prior year, the company earned $4.17 earnings per share. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.14%. Carlisle Companies's dividend payout ratio is presently 14.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CSL. Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a "hold" rating and a $460.00 target price for the company. Robert W. Baird lowered their price objective 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. Oppenheimer reissued an "outperform" rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Loop Capital lowered their price target on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $476.00.

Insider Buying and Selling at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the business's 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

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.