Utah Retirement Systems Acquires 100 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Utah Retirement Systems raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 0.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,530 shares of the conglomerate’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in Carlisle Companies were worth $1,100,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Airain ltd increased its holdings in Carlisle Companies by 523.7% in the second quarter. Airain ltd now owns 20,445 shares of the conglomerate’s stock valued at $1,950,000 after buying an additional 17,167 shares in the last quarter. Royce & Associates LP increased its holdings in Carlisle Companies by 20.4% in the second quarter. Royce & Associates LP now owns 74,517 shares of the conglomerate’s stock valued at $7,109,000 after buying an additional 12,617 shares in the last quarter. American Century Companies Inc. increased its holdings in Carlisle Companies by 7.5% in the second quarter. American Century Companies Inc. now owns 696,860 shares of the conglomerate’s stock valued at $66,480,000 after buying an additional 48,848 shares in the last quarter. Stanley Laman Group Ltd. increased its holdings in Carlisle Companies by 2.0% in the second quarter. Stanley Laman Group Ltd. now owns 44,288 shares of the conglomerate’s stock valued at $4,225,000 after buying an additional 869 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in Carlisle Companies by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 95,609 shares of the conglomerate’s stock valued at $9,121,000 after buying an additional 561 shares in the last quarter. 88.55% of the stock is owned by institutional investors.

In other news, insider John E. Berlin sold 6,250 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total value of $589,437.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.12% of the company’s stock.

Shares of Carlisle Companies Incorporated (CSL) opened at 98.19 on Friday. Carlisle Companies Incorporated has a 1-year low of $92.09 and a 1-year high of $116.40. The stock’s 50 day moving average is $95.60 and its 200-day moving average is $100.02. The stock has a market cap of $6.20 billion, a PE ratio of 27.75 and a beta of 0.77.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 EPS. On average, analysts predict that Carlisle Companies Incorporated will post $5.20 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Wednesday, August 16th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.35. Carlisle Companies’s dividend payout ratio (DPR) is currently 41.93%.

CSL has been the subject of a number of recent analyst reports. Buckingham Research initiated coverage on shares of Carlisle Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $115.00 price objective for the company. Oppenheimer Holdings, Inc. set a $120.00 price objective on shares of Carlisle Companies and gave the company a “buy” rating in a report on Tuesday, June 6th. BMO Capital Markets reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Carlisle Companies in a report on Friday. Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Finally, BidaskClub raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Carlisle Companies currently has an average rating of “Hold” and a consensus target price of $121.00.

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About Carlisle Companies

Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.

Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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