California Public Employees Retirement System Cuts Holdings in Carlisle Companies Incorporated (NYSE:CSL)

California Public Employees Retirement System cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.4% during the 4th quarter, Holdings Channel reports. The firm owned 94,774 shares of the conglomerate’s stock after selling 5,381 shares during the quarter. California Public Employees Retirement System’s holdings in Carlisle Companies were worth $29,610,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSL. Morgan Stanley boosted its stake in Carlisle Companies by 3.6% in the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after acquiring an additional 90,597 shares during the last quarter. FMR LLC boosted its stake in Carlisle Companies by 1.5% in the third quarter. FMR LLC now owns 829,655 shares of the conglomerate’s stock valued at $215,096,000 after acquiring an additional 12,552 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Carlisle Companies by 5,351.1% in the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after acquiring an additional 413,691 shares during the last quarter. Platinum Investment Management Ltd. boosted its stake in Carlisle Companies by 13.8% in the third quarter. Platinum Investment Management Ltd. now owns 323,490 shares of the conglomerate’s stock valued at $83,868,000 after acquiring an additional 39,227 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in Carlisle Companies by 4.6% in the third quarter. Truist Financial Corp now owns 313,027 shares of the conglomerate’s stock valued at $81,155,000 after acquiring an additional 13,673 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $400.56 on Friday. Carlisle Companies Incorporated has a 52-week low of $205.10 and a 52-week high of $415.00. The stock has a market capitalization of $19.15 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93. The company has a fifty day moving average of $371.87 and a 200-day moving average of $320.52. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.98. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.23%. Equities research analysts expect that Carlisle Companies Incorporated will post 18.72 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.85 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.40 annualized dividend and a dividend yield of 0.85%. Carlisle Companies’s dividend payout ratio is 19.71%.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of research analyst reports. Loop Capital boosted their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Oppenheimer boosted their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday. The Goldman Sachs Group started coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target on the stock. Finally, Robert W. Baird boosted their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $398.33.

Insider Transactions at Carlisle Companies

In other news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Lori A. Snyder sold 8,101 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the transaction, the insider now directly owns 5,212 shares in the company, valued at approximately $1,770,203.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,255 shares of company stock valued at $5,231,360. Company insiders own 1.50% of the company’s stock.

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.