New Mexico Educational Retirement Board Sells 500 Shares of Carlisle Companies Incorporated $CSL

New Mexico Educational Retirement Board lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,940 shares of the conglomerate’s stock after selling 500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Carlisle Companies were worth $3,338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GFG Capital LLC acquired a new position in Carlisle Companies in the 2nd quarter worth $25,000. Hemington Wealth Management boosted its position in shares of Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after buying an additional 26 shares during the period. Dagco Inc. bought a new position in shares of Carlisle Companies during the first quarter worth about $27,000. Costello Asset Management INC bought a new stake in shares of Carlisle Companies in the second quarter worth $34,000. Finally, MAI Capital Management grew its position in Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $330.88 on Thursday. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $472.66. The company has a 50-day simple moving average of $355.14 and a two-hundred day simple moving average of $371.52.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $6.24 earnings per share. Analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $1.10 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies’s payout ratio is presently 24.58%.

Analyst Ratings Changes

CSL has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Vertical Research began coverage on Carlisle Companies in a research note on Monday. They set a “hold” rating on the stock. JPMorgan Chase & Co. dropped their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Finally, Robert W. Baird decreased their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $390.00.

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.