New York State Teachers Retirement System Decreases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

New York State Teachers Retirement System cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 9.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 38,557 shares of the conglomerate’s stock after selling 3,800 shares during the period. New York State Teachers Retirement System’s holdings in Carlisle Companies were worth $13,129,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in Carlisle Companies by 35.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate’s stock valued at $3,902,000 after purchasing an additional 2,976 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Carlisle Companies by 2.8% in the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate’s stock worth $667,000 after buying an additional 54 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Carlisle Companies by 2.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock valued at $535,000 after buying an additional 38 shares in the last quarter. CX Institutional purchased a new stake in shares of Carlisle Companies during the 1st quarter valued at about $49,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Carlisle Companies by 11.5% in the 1st quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate’s stock valued at $376,000 after acquiring an additional 114 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Robert W. Baird boosted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Truist Financial dropped their target price on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a research report on Tuesday, June 24th. They set an “overweight” rating and a $500.00 target price on the stock. Wall Street Zen upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Finally, Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average target price of $461.67.

Carlisle Companies Stock Up 0.5%

Shares of NYSE:CSL opened at $397.81 on Friday. The firm has a market capitalization of $17.21 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.03. The business has a 50 day simple moving average of $381.62 and a two-hundred day simple moving average of $366.45. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company earned $3.72 EPS. Carlisle Companies’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $1.00 per share. The ex-dividend date was Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.01%. Carlisle Companies’s dividend payout ratio (DPR) is 14.89%.

Carlisle Companies Company Profile

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.