State of New Jersey Common Pension Fund D Sells 2,086 Shares of Carlisle Companies Incorporated $CSL

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Carlisle Companies by 12.9%, selling 2,086 shares during the first quarter, leaving it with a total of 14,098 shares valued at $4.8 million.
• Wall Street analysts have mixed ratings on Carlisle Companies, with four holding a "buy" rating and four a "hold" rating, while the consensus target price is $450.83.
• Carlisle Companies has announced an increase in its quarterly dividend from $1.00 to $1.10 per share, with the dividend yield now at 1.2% based on an annualized payout of $4.40.

State of New Jersey Common Pension Fund D reduced its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 12.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,098 shares of the conglomerate's stock after selling 2,086 shares during the period. State of New Jersey Common Pension Fund D's holdings in Carlisle Companies were worth $4,800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CSL. Dagco Inc. acquired a new stake in shares of Carlisle Companies in the 1st quarter valued at approximately $27,000. CX Institutional bought a new position in Carlisle Companies in the 1st quarter valued at approximately $49,000. GeoWealth Management LLC raised its holdings in Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after buying an additional 29 shares during the last quarter. Wayfinding Financial LLC bought a new position in Carlisle Companies in the 1st quarter valued at approximately $55,000. Finally, Allworth Financial LP raised its holdings in Carlisle Companies by 32.8% in the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock valued at $58,000 after buying an additional 42 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Up 4.2%

Shares of CSL stock traded up $16.0890 during trading hours on Friday, hitting $397.7090. 289,119 shares of the company were exchanged, compared to its average volume of 517,771. The firm has a market cap of $17.00 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.20 and a beta of 1.05. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The company has a 50 day simple moving average of $387.86 and a two-hundred day simple moving average of $369.17.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $6.24 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 19th. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's payout ratio is 24.58%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price for the company. Finally, Loop Capital downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their target price for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $450.83.

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.