Louisiana State Employees Retirement System Lowers Holdings in Carlisle Companies Incorporated (NYSE:CSL)


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Louisiana State Employees Retirement System cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,300 shares of the conglomerate’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Carlisle Companies were worth $2,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Private Trust Co. NA lifted its holdings in Carlisle Companies by 2.2% in the 3rd quarter. Private Trust Co. NA now owns 4,853 shares of the conglomerate’s stock worth $593,000 after purchasing an additional 105 shares in the last quarter. Column Capital Advisors LLC raised its holdings in shares of Carlisle Companies by 17.3% during the 3rd quarter. Column Capital Advisors LLC now owns 984 shares of the conglomerate’s stock worth $120,000 after acquiring an additional 145 shares in the last quarter. BHK Investment Advisors LLC raised its holdings in shares of Carlisle Companies by 11.7% during the 3rd quarter. BHK Investment Advisors LLC now owns 2,140 shares of the conglomerate’s stock worth $262,000 after acquiring an additional 225 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Carlisle Companies by 4.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,445 shares of the conglomerate’s stock worth $666,000 after acquiring an additional 245 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Carlisle Companies by 6.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,466 shares of the conglomerate’s stock worth $546,000 after acquiring an additional 274 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

In other news, CFO Robert M. Roche sold 400 shares of the stock in a transaction on Wednesday, November 25th. The stock was sold at an average price of $150.00, for a total transaction of $60,000.00. Following the transaction, the chief financial officer now owns 22,926 shares of the company’s stock, valued at approximately $3,438,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO D Christian Koch sold 36,787 shares of the stock in a transaction on Monday, November 16th. The stock was sold at an average price of $143.14, for a total value of $5,265,691.18. Following the transaction, the chief executive officer now directly owns 158,789 shares in the company, valued at approximately $22,729,057.46. The disclosure for this sale can be found here. Insiders sold a total of 47,515 shares of company stock worth $6,842,436 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Shares of Carlisle Companies stock opened at $153.51 on Thursday. The stock’s fifty day moving average is $153.75 and its two-hundred day moving average is $133.00. The company has a market capitalization of $8.19 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 1.47 and a beta of 0.96. The company has a quick ratio of 2.52, a current ratio of 3.31 and a debt-to-equity ratio of 0.84. Carlisle Companies Incorporated has a 52 week low of $97.55 and a 52 week high of $169.86.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, October 20th. The conglomerate reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.13. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Carlisle Companies had a return on equity of 14.60% and a net margin of 7.91%. Carlisle Companies’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.40 EPS. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 6.04 earnings per share for the current year.

Several analysts have recently issued reports on CSL shares. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a report on Friday, November 13th. Credit Suisse Group increased their price target on Carlisle Companies from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, October 21st. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating and set a $152.00 price target on the stock in a report on Tuesday, December 1st. Finally, Oppenheimer increased their price target on Carlisle Companies from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, January 8th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Carlisle Companies has an average rating of “Buy” and an average price target of $159.00.

About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. The company's Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; specialty polyurethane products; vapor and air barriers, HVAC duct sealants, and hardware; and block molded polystyrene.

Further Reading: Market Perform

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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