Teacher Retirement System of Texas Has $9.62 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Teacher Retirement System of Texas trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 58.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,238 shares of the conglomerate's stock after selling 40,096 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Carlisle Companies worth $9,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC lifted its position in shares of Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after purchasing an additional 57 shares in the last quarter. CX Institutional purchased a new stake in shares of Carlisle Companies in the first quarter worth approximately $49,000. GeoWealth Management LLC lifted its position in shares of Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after purchasing an additional 29 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Carlisle Companies by 95.1% in the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after purchasing an additional 78 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Carlisle Companies by 39.8% in the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after purchasing an additional 53 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Up 3.0%

NYSE:CSL traded up $12.08 during mid-day trading on Wednesday, reaching $412.74. The stock had a trading volume of 583,278 shares, compared to its average volume of 399,945. The business's 50 day moving average is $383.58 and its 200 day moving average is $366.90. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The stock has a market cap of $17.85 billion, a P/E ratio of 15.37, a PEG ratio of 1.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69.

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

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $1.00 per share. The ex-dividend date was Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 0.97%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CSL. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. 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. Robert W. Baird increased their price objective 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 Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. 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 given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.