Carlisle Companies Incorporated $CSL Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,959 shares of the conglomerate’s stock after selling 1,452 shares during the period. New York State Teachers Retirement System owned about 0.09% of Carlisle Companies worth $12,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at about $27,000. Torren Management LLC acquired a new position in Carlisle Companies in the 4th quarter worth about $33,000. Osterweis Capital Management Inc. acquired a new position in Carlisle Companies in the 2nd quarter worth about $36,000. Quarry LP purchased a new position in Carlisle Companies during the fourth quarter worth approximately $36,000. Finally, Rothschild Investment LLC boosted its position in Carlisle Companies by 3,866.7% during the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 0.1%

CSL stock opened at $366.37 on Monday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The business’s 50-day moving average is $351.74 and its 200 day moving average is $354.84. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.16 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.61 earnings per share. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio is currently 25.87%.

Analysts Set New Price Targets

CSL has been the topic of several research analyst reports. Robert W. Baird raised their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Truist Financial upped their target price on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, William Blair reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and a consensus price target of $405.00.

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.