California State Teachers Retirement System Reduces Stake in Carlisle Companies Incorporated $CSL

California State Teachers Retirement System decreased its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 19.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,250 shares of the conglomerate's stock after selling 13,802 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Carlisle Companies worth $20,404,688 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $1,499,602,000. Bank of New York Mellon Corp bought a new position in Carlisle Companies during the 2nd quarter worth $405,245,000. Sands Capital Management LLC raised its stake in shares of Carlisle Companies by 13.9% during the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate's stock valued at $309,509,000 after acquiring an additional 118,139 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Carlisle Companies by 3.0% during the first quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate's stock valued at $207,078,000 after buying an additional 17,847 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Carlisle Companies by 20.4% in the fourth quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate's stock worth $206,681,000 after purchasing an additional 109,410 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CSL shares. Robert W. Baird set a $412.00 target price on Carlisle Companies in a research note on Thursday, July 30th. Truist Financial dropped their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a "hold" rating for the company in a research note on Tuesday, July 7th. Weiss Ratings lowered Carlisle Companies from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday. Finally, DA Davidson assumed coverage on shares of Carlisle Companies in a research note on Monday, August 24th. They issued a "neutral" rating and a $410.00 target price on the stock. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Carlisle Companies presently has an average rating of "Hold" and a consensus target price of $402.43.

Carlisle Companies Price Performance

NYSE:CSL traded down $2.64 during trading hours on Tuesday, hitting $325.28. The company's stock had a trading volume of 241,024 shares, compared to its average volume of 470,021. The company has a market capitalization of $12.92 billion, a P/E ratio of 18.65, a PEG ratio of 1.05 and a beta of 0.84. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91. The stock has a fifty day simple moving average of $352.76 and a 200-day simple moving average of $352.03.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping analysts' consensus estimates of $6.35 by $0.68. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $6.27 earnings per share. On average, analysts anticipate that Carlisle Companies Incorporated will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a $1.25 dividend. This is a boost from Carlisle Companies's previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, August 19th. This represents a $5.00 annualized dividend and a yield of 1.5%. Carlisle Companies's payout ratio is 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and construction materials. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company provides products designed to improve the performance, energy efficiency and durability of commercial and residential buildings.

Its product portfolio includes commercial roofing systems, insulation, waterproofing and air-barrier solutions, architectural metal products, and related building-envelope components.

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