Louisiana State Employees Retirement System Invests $3.94 Million in Carlisle Companies Incorporated $CSL

Louisiana State Employees Retirement System purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,800 shares of the conglomerate’s stock, valued at approximately $3,937,000.

Several other hedge funds also recently added to or reduced their stakes in CSL. BOK Financial Private Wealth Inc. purchased a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $27,000. Torren Management LLC bought a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $33,000. Osterweis Capital Management Inc. purchased a new stake in shares of Carlisle Companies in the second quarter worth approximately $36,000. Quarry LP bought a new stake in shares of Carlisle Companies during the 4th quarter worth approximately $36,000. Finally, Rothschild Investment LLC lifted its stake in shares of Carlisle Companies by 3,866.7% during the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after acquiring an additional 116 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Trading Up 0.1%

Shares of NYSE CSL opened at $388.75 on Friday. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The business has a fifty day simple moving average of $350.72 and a two-hundred day simple moving average of $353.30. The firm has a market cap of $15.73 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.61 EPS. Analysts expect that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CSL shares. Robert W. Baird upped their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. lifted their target price on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Raymond James Financial began coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $405.00.

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.