California State Teachers Retirement System Has $24.16 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

California State Teachers Retirement System cut its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,501 shares of the conglomerate's stock after selling 7,964 shares during the quarter. California State Teachers Retirement System owned about 0.15% of Carlisle Companies worth $24,159,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CSL. Barclays PLC grew its holdings in Carlisle Companies by 31.3% during the 3rd quarter. Barclays PLC now owns 60,920 shares of the conglomerate's stock valued at $27,399,000 after purchasing an additional 14,526 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Carlisle Companies during the fourth quarter worth about $2,189,000. Blue Trust Inc. lifted its stake in shares of Carlisle Companies by 26.0% in the fourth quarter. Blue Trust Inc. now owns 910 shares of the conglomerate's stock worth $336,000 after acquiring an additional 188 shares in the last quarter. KBC Group NV increased its holdings in Carlisle Companies by 26.9% during the 4th quarter. KBC Group NV now owns 13,507 shares of the conglomerate's stock worth $4,982,000 after purchasing an additional 2,861 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Carlisle Companies in the fourth quarter worth $140,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSL has been the topic of several research reports. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Robert W. Baird boosted their target price on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Truist Financial decreased their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $454.00.

Carlisle Companies Trading Down 2.6%

Shares of CSL traded down $9.96 during mid-day trading on Monday, reaching $370.23. 176,976 shares of the company were exchanged, compared to its average volume of 394,344. The business has a 50 day simple moving average of $368.20 and a two-hundred day simple moving average of $376.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock has a market capitalization of $16.01 billion, a PE ratio of 13.40, a PEG ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data 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 net margin of 26.22% and a return on equity of 34.37%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $3.72 EPS. The business's revenue was down .1% on a year-over-year basis. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $1.00 dividend. The ex-dividend date is Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 1.08%. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

Carlisle Companies 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.