Public Employees Retirement System of Ohio Invests $4.89 Million in Carlisle Companies Incorporated $CSL

Key Points

• Public Employees Retirement System of Ohio purchased 13,494 Carlisle Companies shares worth approximately $4.9 million, while institutional investors collectively own 89.52% of the stock.
• Carlisle reported stronger-than-expected quarterly results, with EPS of $7.03 versus the $6.35 consensus estimate and revenue up 8.3% year over year to $1.57 billion.
• The company raised its quarterly dividend to $1.25 per share, or $5.00 annually, while analysts maintain a consensus “Hold” rating and an average price target of $402.43.

Public Employees Retirement System of Ohio bought a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,494 shares of the conglomerate's stock, valued at approximately $4,895,000.

Several other institutional investors and hedge funds have also modified their holdings of CSL. MML Investors Services LLC increased its holdings in Carlisle Companies by 1.1% during the 4th quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate's stock valued at $799,000 after purchasing an additional 27 shares in the last quarter. Raiffeisen Bank International AG grew its holdings in shares of Carlisle Companies by 12.8% during the fourth quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate's stock worth $80,000 after purchasing an additional 28 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of Carlisle Companies by 1.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate's stock worth $716,000 after purchasing an additional 29 shares during the last quarter. Boston Common Asset Management LLC increased its stake in shares of Carlisle Companies by 0.6% in the first quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate's stock valued at $1,731,000 after buying an additional 30 shares in the last quarter. Finally, Next Level Private LLC increased its stake in shares of Carlisle Companies by 0.3% in the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate's stock valued at $4,092,000 after buying an additional 33 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 2.3%

NYSE CSL opened at $342.67 on Thursday. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The company has a 50 day moving average of $357.89 and a 200-day moving average of $355.80. The company has a market cap of $13.61 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.05 and a beta of 0.84.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating analysts' consensus estimates of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted $6.27 EPS. The company's revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts expect that Carlisle Companies Incorporated will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 19th. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. Carlisle Companies's dividend payout ratio is currently 28.69%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSL. Weiss Ratings upgraded shares of Carlisle Companies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. Truist Financial cut their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a "hold" rating on the stock in a research report on Tuesday, July 7th. Robert W. Baird set a $412.00 price target on Carlisle Companies in a report on Thursday, July 30th. Finally, DA Davidson initiated coverage on shares of Carlisle Companies in a report on Monday, August 24th. They issued a "neutral" rating and a $410.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $402.43.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company's operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.

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