Louisiana State Employees Retirement System Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Louisiana State Employees Retirement System acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,700 shares of the conglomerate's stock, valued at approximately $4,280,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CSL. BlackRock Inc. grew its stake in shares of Carlisle Companies by 0.8% in the first quarter. BlackRock Inc. now owns 5,115,413 shares of the conglomerate's stock valued at $1,156,441,000 after buying an additional 40,344 shares in the last quarter. Morgan Stanley raised its stake in Carlisle Companies by 3.6% during the 3rd quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate's stock valued at $668,430,000 after acquiring an additional 90,597 shares during the last quarter. State Street Corp increased its position in Carlisle Companies by 9.1% during the 1st quarter. State Street Corp now owns 2,351,573 shares of the conglomerate's stock worth $531,620,000 after purchasing an additional 196,859 shares during the period. Moneta Group Investment Advisors LLC increased its position in Carlisle Companies by 106,294.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,064,044 shares of the conglomerate's stock worth $486,392,000 after purchasing an additional 2,062,104 shares during the period. Finally, Norges Bank acquired a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $239,527,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

NYSE CSL traded down $0.02 during trading on Monday, reaching $373.12. The company's stock had a trading volume of 211,880 shares, compared to its average volume of 275,604. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $17.84 billion, a price-to-earnings 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. The firm has a 50 day moving average price of $365.69 and a 200 day moving average price of $313.48.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.70. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the company earned $3.92 EPS. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 18.7 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Thursday, February 15th. Carlisle Companies's dividend payout ratio (DPR) is 22.31%.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, insider Lori A. Snyder sold 8,101 shares of the firm's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Carlisle Companies news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $959,422.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the transaction, the insider now directly owns 5,212 shares in the company, valued at $1,770,203.68. The disclosure for this sale can be found here. Insiders sold a total of 15,255 shares of company stock worth $5,231,360 over the last quarter. Insiders own 1.50% of the company's stock.

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.