New York State Teachers Retirement System Raises Stock Holdings in Carlisle Companies Incorporated $CSL

New York State Teachers Retirement System grew its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,505 shares of the conglomerate’s stock after buying an additional 948 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Carlisle Companies worth $14,751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Carlisle Companies by 11.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock worth $499,052,000 after acquiring an additional 130,235 shares during the period. Madison Asset Management LLC boosted its holdings in Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock worth $175,403,000 after buying an additional 113,312 shares during the last quarter. Bessemer Group Inc. increased its stake in Carlisle Companies by 8.4% during the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate’s stock worth $171,880,000 after buying an additional 39,329 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Carlisle Companies by 11.3% during the first quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock valued at $170,017,000 after acquiring an additional 50,578 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Carlisle Companies by 1.4% in the first quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock valued at $168,737,000 after acquiring an additional 6,948 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 1.4%

Shares of CSL stock opened at $323.56 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $474.73. The company’s 50-day moving average price is $358.28 and its 200-day moving average price is $371.74. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.08 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.Carlisle Companies’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm earned $6.24 earnings per share. As a group, equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $1.10 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, August 19th. Carlisle Companies’s payout ratio is currently 24.58%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CSL shares. Truist Financial dropped their price target on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, September 22nd. JPMorgan Chase & Co. dropped their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $403.33.

About Carlisle Companies

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.