13,700 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,700 shares of the conglomerate’s stock, valued at approximately $4,280,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Citigroup Inc. boosted its stake in Carlisle Companies by 48.1% during the first quarter. Citigroup Inc. now owns 20,327 shares of the conglomerate’s stock valued at $4,998,000 after buying an additional 6,603 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Carlisle Companies by 0.6% in the first quarter. Great West Life Assurance Co. Can now owns 29,831 shares of the conglomerate’s stock worth $7,549,000 after acquiring an additional 176 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Carlisle Companies by 3.5% during the 1st quarter. Raymond James Trust N.A. now owns 2,160 shares of the conglomerate’s stock valued at $531,000 after buying an additional 73 shares during the last quarter. Synovus Financial Corp lifted its stake in Carlisle Companies by 7.9% in the first quarter. Synovus Financial Corp now owns 4,958 shares of the conglomerate’s stock valued at $1,206,000 after acquiring an additional 363 shares during the last quarter. Finally, Sei Investments Co. increased its position in Carlisle Companies by 23.6% during the first quarter. Sei Investments Co. now owns 53,110 shares of the conglomerate’s stock worth $13,028,000 after buying an additional 10,150 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CSL. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target on the stock. Oppenheimer increased their price objective on Carlisle Companies from $355.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. StockNews.com raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Loop Capital increased their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Robert W. Baird boosted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $389.17.

Carlisle Companies Stock Performance

NYSE:CSL opened at $373.14 on Monday. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $364.52 and a 200 day moving average price of $312.68. The firm has a market capitalization of $17.84 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. Carlisle Companies Incorporated has a 12-month low of $205.10 and a 12-month high of $403.44.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, topping the consensus estimate of $3.47 by $0.70. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $3.92 EPS. Carlisle Companies’s revenue was down 1.9% on a year-over-year basis. Research analysts anticipate that Carlisle Companies Incorporated will post 18.7 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio is currently 22.31%.

Insider Buying and Selling at Carlisle Companies

In other news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO D Christian Koch sold 6,454 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now owns 86,652 shares in the company, valued at $30,114,169.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares of the company’s stock, valued at $1,770,203.68. The disclosure for this sale can be found here. Insiders have sold a total of 15,255 shares of company stock worth $5,231,360 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

About Carlisle Companies

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.