Illinois Municipal Retirement Fund Sells 3,651 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Illinois Municipal Retirement Fund lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,963 shares of the conglomerate’s stock after selling 3,651 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Carlisle Companies worth $10,314,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CSL. FMR LLC lifted its stake in Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after buying an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Carlisle Companies by 6,405.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock valued at $80,757,000 after buying an additional 176,799 shares in the last quarter. AustralianSuper Pty Ltd lifted its stake in Carlisle Companies by 732.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate’s stock valued at $52,691,000 after buying an additional 125,687 shares in the last quarter. Holocene Advisors LP lifted its stake in Carlisle Companies by 151.3% in the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock valued at $79,594,000 after buying an additional 106,539 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after buying an additional 102,436 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CSL. Loop Capital cut their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group reduced their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Finally, Oppenheimer restated an “outperform” rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Buying and Selling at Carlisle Companies

In other news, VP Mehul Patel sold 150 shares of the stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the transaction, the director now directly owns 2,665 shares in the company, 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. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL opened at $339.26 on Wednesday. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.03 and a beta of 0.96. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $372.77 and a 200 day simple moving average of $412.61. Carlisle Companies Incorporated has a 12 month low of $332.04 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period in the previous year, the company earned $4.17 earnings per share. Research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared 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. This represents a $4.00 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

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.