New York State Teachers Retirement System Raises Stock Holdings in Carlisle Companies Incorporated $CSL

New York State Teachers Retirement System raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,505 shares of the conglomerate’s stock after buying an additional 948 shares during the quarter. New York State Teachers Retirement System’s holdings in Carlisle Companies were worth $14,751,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. GFG Capital LLC acquired a new position in Carlisle Companies during the second quarter worth $25,000. Hemington Wealth Management raised its holdings in shares of Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after buying an additional 26 shares during the period. Dagco Inc. purchased a new position in Carlisle Companies during the 1st quarter valued at about $27,000. Costello Asset Management INC acquired a new position in Carlisle Companies in the 2nd quarter valued at about $34,000. Finally, MAI Capital Management lifted its position in shares of Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 34 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 1.4%

Shares of NYSE CSL opened at $323.56 on Friday. The stock has a market cap of $13.83 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $474.73. The business has a 50-day moving average price of $358.28 and a 200 day moving average price of $371.74.

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

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was 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%.

Wall Street Analyst Weigh In

CSL has been the subject of several recent research reports. Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their price target for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. The Goldman Sachs Group reduced their target price on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Truist Financial dropped their target price on Carlisle Companies from $380.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, September 22nd. Finally, Robert W. Baird dropped their price objective on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $403.33.

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.