Teachers Retirement System of The State of Kentucky Sells 1,195 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,546 shares of the conglomerate's stock after selling 1,195 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Carlisle Companies were worth $6,991,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Driehaus Capital Management LLC raised its position in Carlisle Companies by 44.6% during the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate's stock worth $22,971,000 after acquiring an additional 17,472 shares in the last quarter. KBC Group NV raised its holdings in shares of Carlisle Companies by 34.9% in the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate's stock valued at $4,788,000 after purchasing an additional 2,752 shares during the period. Quest Partners LLC raised its holdings 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 period. Meridian Wealth Management LLC acquired a new stake in Carlisle Companies in the 3rd quarter valued at about $631,000. Finally, Hsbc Holdings PLC grew its holdings in Carlisle Companies by 22.5% during the second quarter. Hsbc Holdings PLC now owns 14,520 shares of the conglomerate's stock worth $5,893,000 after purchasing an additional 2,668 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CSL shares. StockNews.com downgraded Carlisle Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Truist Financial assumed 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. Finally, Oppenheimer upped their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $472.00.

Insider Activity

In related news, VP David W. Smith sold 275 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Stock Down 0.9 %

Shares of NYSE CSL traded down $3.82 during mid-day trading on Friday, reaching $419.94. 223,866 shares of the company's stock traded hands, compared to its average volume of 323,375. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 1-year low of $297.25 and a 1-year high of $481.26. The stock has a market cap of $19.03 billion, a P/E ratio of 14.86, a PEG ratio of 1.41 and a beta of 0.92. The business has a 50-day simple moving average of $447.26 and a 200 day simple moving average of $426.29.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the company earned $4.68 earnings per share. Carlisle Companies's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.15%.

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.