State of Alaska Department of Revenue Sells 355 Shares of Carlisle Companies Incorporated $CSL

State of Alaska Department of Revenue cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,844 shares of the conglomerate’s stock after selling 355 shares during the period. State of Alaska Department of Revenue’s holdings in Carlisle Companies were worth $1,808,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CSL. Cooke & Bieler LP bought a new position in Carlisle Companies in the 1st quarter valued at $74,095,000. Pacer Advisors Inc. boosted its position in Carlisle Companies by 1,611.7% in the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock valued at $73,202,000 after buying an additional 202,425 shares during the last quarter. Nuveen LLC bought a new position in Carlisle Companies in the 1st quarter valued at $62,485,000. Victory Capital Management Inc. boosted its position in Carlisle Companies by 112.3% in the 1st quarter. Victory Capital Management Inc. now owns 240,516 shares of the conglomerate’s stock valued at $81,896,000 after buying an additional 127,234 shares during the last quarter. Finally, Madison Asset Management LLC boosted its position in shares of Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock worth $175,403,000 after purchasing an additional 113,312 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CSL has been the topic of several recent research reports. Truist Financial reduced their price target on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, September 22nd. JPMorgan Chase & Co. reduced their price target on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Loop Capital lowered Carlisle Companies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and an average price target of $429.17.

Carlisle Companies Price Performance

NYSE:CSL opened at $328.25 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The stock’s 50-day simple moving average is $368.43 and its 200 day simple moving average is $372.88. The company has a market cap of $14.03 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.08 and a beta of 1.00. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business posted $6.24 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a $1.10 dividend. The ex-dividend date was Tuesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.58%.

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.