Virginia Retirement Systems ET AL trimmed its position in Carlisle Companies, Inc. (NYSE:CSL) by 2.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,900 shares of the conglomerate’s stock after selling 300 shares during the period. Virginia Retirement Systems ET AL’s holdings in Carlisle Companies were worth $1,811,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSL. First Hawaiian Bank lifted its holdings in shares of Carlisle Companies by 256.4% in the second quarter. First Hawaiian Bank now owns 9,223 shares of the conglomerate’s stock valued at $1,295,000 after purchasing an additional 6,635 shares in the last quarter. Jag Capital Management LLC purchased a new stake in shares of Carlisle Companies in the second quarter valued at $14,455,000. Parametrica Management Ltd purchased a new stake in shares of Carlisle Companies in the first quarter valued at $263,000. First Quadrant L P CA purchased a new stake in shares of Carlisle Companies in the first quarter valued at $2,066,000. Finally, Sciencast Management LP purchased a new stake in shares of Carlisle Companies in the first quarter valued at $1,008,000. Hedge funds and other institutional investors own 87.88% of the company’s stock.
Shares of NYSE CSL traded up $0.02 during mid-day trading on Friday, reaching $140.91. The company had a trading volume of 204,992 shares, compared to its average volume of 431,430. Carlisle Companies, Inc. has a twelve month low of $92.16 and a twelve month high of $146.16. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.96 and a quick ratio of 2.18. The firm has a market capitalization of $7.85 billion, a PE ratio of 22.65, a PEG ratio of 1.13 and a beta of 1.02. The stock has a 50 day simple moving average of $138.01.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be paid a $0.50 dividend. The ex-dividend date is Monday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. Carlisle Companies’s dividend payout ratio is 25.72%.
A number of analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Carlisle Companies from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Robert W. Baird increased their target price on Carlisle Companies from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Monday, April 29th. Buckingham Research lowered Carlisle Companies from a “buy” rating to a “neutral” rating and set a $148.00 target price for the company. in a report on Monday, July 8th. Finally, ValuEngine lowered Carlisle Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Carlisle Companies currently has an average rating of “Buy” and a consensus price target of $142.13.
In other news, Director David A. Roberts sold 28,571 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $137.74, for a total value of $3,935,369.54. Following the transaction, the director now directly owns 88,397 shares of the company’s stock, valued at $12,175,802.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.70% of the company’s stock.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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