New York State Teachers Retirement System Has $15.62 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

New York State Teachers Retirement System decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,357 shares of the conglomerate’s stock after selling 1,000 shares during the period. New York State Teachers Retirement System’s holdings in Carlisle Companies were worth $15,623,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Carlisle Companies in the 3rd quarter valued at about $25,000. True Wealth Design LLC increased its holdings in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 70 shares during the period. Quarry LP increased its holdings in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 57 shares during the period. UMB Bank n.a. increased its holdings in Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after buying an additional 67 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Carlisle Companies by 19.3% in the third quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Loop Capital dropped their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Robert W. Baird dropped their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Oppenheimer restated an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Insider Activity

In related news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,475 shares of company stock valued at $541,219. 1.50% of the stock is owned by company insiders.

Carlisle Companies Stock Down 0.8 %

Shares of Carlisle Companies stock opened at $357.83 on Monday. The stock has a market capitalization of $16.22 billion, a P/E ratio of 12.95, a PEG ratio of 1.04 and a beta of 0.96. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $383.46 and a two-hundred day moving average price of $414.72. Carlisle Companies Incorporated has a 12-month low of $339.10 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period in the previous year, the business earned $4.17 earnings per share. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.12%. Carlisle Companies’s dividend payout ratio is 14.48%.

About Carlisle Companies

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.