Kentucky Retirement Systems Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Kentucky Retirement Systems bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,080 shares of the conglomerate's stock, valued at approximately $1,049,000.

Several other institutional investors have also recently made changes to their positions in CSL. Invesco Ltd. raised its stake in shares of Carlisle Companies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock valued at $502,239,000 after buying an additional 29,799 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock valued at $440,476,000 after acquiring an additional 17,206 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Carlisle Companies by 3.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock worth $418,617,000 after purchasing an additional 34,021 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after purchasing an additional 538,990 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Carlisle Companies during the 4th quarter valued at approximately $208,095,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CSL shares. Truist Financial dropped their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. started coverage on Carlisle Companies in a research report on Tuesday. They set an "overweight" rating and a $500.00 target price on the stock. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Robert W. Baird raised their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $461.67.

Carlisle Companies Price Performance

NYSE:CSL traded down $0.10 during trading hours on Wednesday, hitting $371.81. 271,859 shares of the stock were exchanged, compared to its average volume of 394,494. The firm's fifty day moving average price is $377.98 and its 200 day moving average price is $368.04. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26. The company has a market cap of $16.08 billion, a P/E ratio of 13.84, a P/E/G ratio of 1.10 and a beta of 1.06. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping the consensus estimate of $3.53 by $0.08. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $3.72 earnings per share. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

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.