New York State Teachers Retirement System Sells 3,800 Shares of Carlisle Companies Incorporated (NYSE:CSL)

New York State Teachers Retirement System lowered its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,557 shares of the conglomerate's stock after selling 3,800 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Carlisle Companies worth $13,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CSL. Cambridge Investment Research Advisors Inc. boosted its stake in shares of 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 during the period. Spire Wealth Management boosted its stake in shares of Carlisle Companies by 2.8% during the first quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after purchasing an additional 54 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Carlisle Companies by 2.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock valued at $535,000 after purchasing an additional 38 shares during the period. CX Institutional purchased a new stake in shares of Carlisle Companies during the first quarter valued at approximately $49,000. Finally, Fifth Third Bancorp boosted its stake in shares of Carlisle Companies by 11.5% during the first quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock valued at $376,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Trading Up 0.5%

Shares of Carlisle Companies stock traded up $2.12 during midday trading on Friday, reaching $397.81. 237,479 shares of the company's stock traded hands, compared to its average volume of 395,524. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The company has a market cap 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 stock has a 50 day moving average of $382.06 and a 200-day moving average of $366.28. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.72 earnings per share. As a group, equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $1.00 dividend. The ex-dividend date was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.01%. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a research note on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective for the company. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Robert W. Baird increased their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Truist Financial decreased 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. Three analysts have rated the stock with a hold rating and five have given 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 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.