New York State Teachers Retirement System Decreases Stake in Carlisle Companies Incorporated $CSL

New York State Teachers Retirement System cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.8% during the first quarter, HoldingsChannel.com reports. The fund owned 36,959 shares of the conglomerate’s stock after selling 1,452 shares during the period. New York State Teachers Retirement System’s holdings in Carlisle Companies were worth $12,330,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its stake in Carlisle Companies by 947.3% in the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after purchasing an additional 451,662 shares in the last quarter. First Manhattan CO. LLC. purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $140,256,000. Sands Capital Management LLC increased its holdings in shares of Carlisle Companies by 99.2% in the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after purchasing an additional 423,141 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 valued at $124,489,000 after purchasing an additional 385,550 shares during the last quarter. Finally, Generation Investment Management LLP purchased a new position in Carlisle Companies during the fourth quarter worth approximately $109,217,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

CSL has been the topic of a number of recent research reports. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Raymond James Financial assumed coverage on Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price for the company. Oppenheimer lifted their price target on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Truist Financial boosted their price target on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, William Blair reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $405.00.

Carlisle Companies Trading Down 0.1%

CSL opened at $366.37 on Monday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The stock has a market capitalization of $14.83 billion, a PE ratio of 21.54, a P/E/G ratio of 1.16 and a beta of 0.85. The business’s 50 day moving average price is $351.74 and its 200 day moving average price is $354.84. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

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

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a dividend of $1.10 per share. The ex-dividend date was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio is currently 25.87%.

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.