State of Michigan Retirement System Sells 300 Shares of Carlisle Companies Incorporated $CSL

State of Michigan Retirement System decreased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CSL. Blair William & Co. IL bought a new position in shares of Carlisle Companies during the second quarter valued at $223,000. Strs Ohio bought a new position in shares of Carlisle Companies during the first quarter valued at $17,025,000. CWM LLC raised its stake in shares of Carlisle Companies by 1.4% during the second quarter. CWM LLC now owns 3,076 shares of the conglomerate’s stock valued at $1,149,000 after acquiring an additional 41 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Carlisle Companies by 57.9% during the second quarter. Nordea Investment Management AB now owns 17,848 shares of the conglomerate’s stock valued at $6,629,000 after acquiring an additional 6,547 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Carlisle Companies by 9.9% in the second quarter. Signaturefd LLC now owns 621 shares of the conglomerate’s stock valued at $232,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 0.3%

CSL opened at $326.62 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The stock 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. The company has a fifty day moving average of $345.18 and a 200-day moving average of $371.60. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $472.66.

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

Carlisle Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on CSL. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and reduced their target price for the company from $430.00 to $395.00 in a report on Thursday, July 31st. The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Oppenheimer decreased their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Carlisle Companies in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $386.67.

Carlisle Companies Company 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.