Carlisle Companies Incorporated $CSL Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,387 shares of the conglomerate’s stock after acquiring an additional 3,734 shares during the period. New York State Common Retirement Fund’s holdings in Carlisle Companies were worth $22,826,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in shares of Carlisle Companies by 36.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after purchasing an additional 28,414 shares during the last quarter. HB Wealth Management LLC grew its stake in Carlisle Companies by 15.0% in the second quarter. HB Wealth Management LLC now owns 2,376 shares of the conglomerate’s stock worth $887,000 after purchasing an additional 310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Carlisle Companies by 384.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,147 shares of the conglomerate’s stock valued at $1,175,000 after buying an additional 2,497 shares during the last quarter. Ascent Group LLC acquired a new stake in Carlisle Companies during the second quarter valued at approximately $261,000. Finally, QRG Capital Management Inc. raised its stake in Carlisle Companies by 3.6% during the second quarter. QRG Capital Management Inc. now owns 5,957 shares of the conglomerate’s stock valued at $2,224,000 after buying an additional 209 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CSL. Oppenheimer lowered their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. William Blair assumed coverage on shares of Carlisle Companies in a report on Friday. They issued a “market perform” rating for the company. Truist Financial dropped their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. The Goldman Sachs Group reduced their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Trading Down 0.4%

Shares of NYSE:CSL opened at $340.79 on Friday. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average price is $334.78 and its 200 day moving average price is $348.14. The company has a market cap of $14.24 billion, a PE ratio of 19.33, a P/E/G ratio of 1.07 and a beta of 0.95. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating the consensus estimate of $5.47 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. Carlisle Companies’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $5.78 earnings per share. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.96%.

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.