Retirement Systems of Alabama decreased its position in Carlisle Cos. Inc. (NYSE:CSL) by 19.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 158,361 shares of the company’s stock after selling 37,640 shares during the period. Retirement Systems of Alabama owned approximately 0.25% of Carlisle Cos. worth $16,243,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC increased its position in Carlisle Cos. by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 984 shares of the company’s stock worth $103,000 after buying an additional 17 shares in the last quarter. NEXT Financial Group Inc increased its position in Carlisle Cos. by 47.9% in the second quarter. NEXT Financial Group Inc now owns 1,158 shares of the company’s stock worth $122,000 after buying an additional 375 shares in the last quarter. Washington Trust Bank increased its position in Carlisle Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,207 shares of the company’s stock worth $124,000 after buying an additional 7 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Carlisle Cos. during the second quarter worth approximately $141,000. Finally, Cornerstone Advisors Inc. acquired a new position in Carlisle Cos. during the third quarter worth approximately $156,000. Institutional investors own 87.56% of the company’s stock.
Shares of Carlisle Cos. Inc. (NYSE:CSL) traded down 1.52% during midday trading on Monday, hitting $114.20. 133,187 shares of the stock were exchanged. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 29.30 and a beta of 0.77. Carlisle Cos. Inc. has a 1-year low of $75.17 and a 1-year high of $116.02. The firm’s 50 day moving average is $107.42 and its 200-day moving average is $104.50.
Carlisle Cos. (NYSE:CSL) last announced its earnings results on Tuesday, October 25th. The company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.05. Carlisle Cos. had a net margin of 6.99% and a return on equity of 15.66%. The business earned $991 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm earned $1.56 earnings per share. Carlisle Cos.’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Carlisle Cos. Inc. will post $5.83 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, November 15th. Carlisle Cos.’s dividend payout ratio is presently 35.99%.
Separately, Zacks Investment Research downgraded shares of Carlisle Cos. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Carlisle Cos. has a consensus rating of “Buy” and an average price target of $113.57.
In related news, insider John W. Altmeyer sold 51,505 shares of Carlisle Cos. stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $111.24, for a total transaction of $5,729,416.20. Following the completion of the transaction, the insider now owns 210,565 shares of the company’s stock, valued at $23,423,250.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.71% of the company’s stock.
About Carlisle Cos.
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).