State of New Jersey Common Pension Fund D Sells 10,206 Shares of Carlisle Companies Incorporated (NYSE:CSL)

State of New Jersey Common Pension Fund D cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 37.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,102 shares of the conglomerate’s stock after selling 10,206 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Carlisle Companies were worth $6,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bahl & Gaynor Inc. grew its position in shares of Carlisle Companies by 13.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 171,869 shares of the conglomerate’s stock valued at $69,643,000 after purchasing an additional 20,313 shares during the period. Mawer Investment Management Ltd. boosted its position in Carlisle Companies by 69.0% during the 2nd quarter. Mawer Investment Management Ltd. now owns 34,208 shares of the conglomerate’s stock worth $13,861,000 after acquiring an additional 13,963 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Carlisle Companies by 39.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 18,155 shares of the conglomerate’s stock worth $7,357,000 after acquiring an additional 5,110 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in Carlisle Companies by 40.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 59,805 shares of the conglomerate’s stock worth $24,234,000 after acquiring an additional 17,308 shares during the last quarter. Finally, Choreo LLC acquired a new position in Carlisle Companies during the 2nd quarter worth approximately $259,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CSL. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Robert W. Baird upped their price objective on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Oppenheimer reiterated an “outperform” rating and set a $480.00 price objective (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus price target of $433.00.

Carlisle Companies Stock Up 1.8 %

CSL opened at $411.30 on Monday. Carlisle Companies Incorporated has a 1-year low of $235.79 and a 1-year high of $443.87. The stock’s fifty day simple moving average is $409.59 and its 200 day simple moving average is $400.61. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The stock has a market cap of $19.58 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business earned $5.18 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a dividend of $1.00 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 annualized dividend and a yield of 0.97%. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. The disclosure for this sale can be found here. 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.