California Public Employees Retirement System Has $29.61 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

California Public Employees Retirement System reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,774 shares of the conglomerate’s stock after selling 5,381 shares during the quarter. California Public Employees Retirement System owned about 0.19% of Carlisle Companies worth $29,610,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in shares of Carlisle Companies by 5,351.1% in the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after buying an additional 413,691 shares during the period. Morgan Stanley lifted its stake in Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after purchasing an additional 90,597 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in Carlisle Companies by 4,974.6% during the third quarter. Adage Capital Partners GP L.L.C. now owns 85,000 shares of the conglomerate’s stock worth $22,037,000 after purchasing an additional 83,325 shares during the period. Invesco Ltd. lifted its stake in Carlisle Companies by 36.9% during the third quarter. Invesco Ltd. now owns 269,752 shares of the conglomerate’s stock worth $69,936,000 after purchasing an additional 72,741 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Carlisle Companies by 63.0% during the third quarter. Envestnet Asset Management Inc. now owns 163,647 shares of the conglomerate’s stock worth $42,427,000 after purchasing an additional 63,260 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $400.56 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. The firm has a market cap of $19.15 billion, a P/E ratio of 23.22, a P/E/G ratio of 1.36 and a beta of 0.93. The firm has a 50 day simple moving average of $371.87 and a 200 day simple moving average of $320.52. Carlisle Companies Incorporated has a fifty-two week low of $205.10 and a fifty-two week high of $415.00.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.23%. Sell-side analysts predict that Carlisle Companies Incorporated will post 18.72 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio is presently 19.71%.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on 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 of the company’s stock, valued at approximately $1,770,203.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,255 shares of company stock valued at $5,231,360. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on CSL shares. Oppenheimer raised their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday. Loop Capital lifted their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. The Goldman Sachs Group began coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price for the company. Robert W. Baird lifted their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday. Finally, StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $398.33.

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.