California State Teachers Retirement System Grows Position in Carlisle Companies Incorporated $CSL

California State Teachers Retirement System boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 29,027.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,404,688 shares of the conglomerate’s stock after acquiring an additional 20,334,636 shares during the period. California State Teachers Retirement System owned about 0.51% of Carlisle Companies worth $7,401,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $1,499,602,000. Bank of New York Mellon Corp bought a new position in shares of Carlisle Companies during the second quarter valued at approximately $405,245,000. First Manhattan CO. LLC. purchased a new position in Carlisle Companies during the fourth quarter valued at approximately $140,256,000. Madison Asset Management LLC purchased a new position in Carlisle Companies during the second quarter valued at approximately $152,865,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Carlisle Companies by 10,568.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock worth $124,489,000 after buying an additional 385,550 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 3.1%

NYSE CSL opened at $341.27 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The firm has a market cap of $13.55 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The company has a 50 day moving average price of $355.37 and a 200 day moving average price of $354.10. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. Carlisle Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.27 earnings per share. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio (DPR) is currently 28.69%.

Analyst Ratings Changes

A number of analysts have weighed in on CSL shares. Truist Financial lowered their target price on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Robert W. Baird set a $412.00 price target on Carlisle Companies in a report on Thursday, July 30th. Weiss Ratings raised Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Finally, DA Davidson assumed coverage on Carlisle Companies in a research note on Monday, August 24th. They set a “neutral” rating and a $410.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $402.43.

Carlisle Companies Profile

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.