New York State Common Retirement Fund Has $16.64 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

New York State Common Retirement Fund grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 84.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,859 shares of the conglomerate's stock after purchasing an additional 22,355 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of Carlisle Companies worth $16,636,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CSL. Norges Bank bought a new stake in shares of Carlisle Companies in the fourth quarter worth $208,095,000. Wells Fargo & Company MN increased its stake in shares of Carlisle Companies by 692.1% in the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after buying an additional 538,990 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Carlisle Companies by 38,164.5% in the first quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock worth $172,635,000 after buying an additional 505,680 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in Carlisle Companies during the fourth quarter valued at $118,038,000. Finally, Point72 Asset Management L.P. bought a new stake in Carlisle Companies during the fourth quarter valued at $55,104,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded up $3.13 during trading on Friday, reaching $410.10. The company's stock had a trading volume of 307,380 shares, compared to its average volume of 404,101. The stock has a 50-day moving average price of $386.54 and a two-hundred day moving average price of $368.53. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The stock has a market capitalization of $17.74 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.72 earnings per share. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business 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 0.98%. Carlisle Companies's payout ratio is currently 14.89%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSL. Robert W. Baird upped their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Truist Financial reduced their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Carlisle Companies presently has an average rating of "Moderate Buy" and an average target price of $461.67.

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.