Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,184 shares of the conglomerate's stock after selling 799 shares during the period. State of New Jersey Common Pension Fund D's holdings in Carlisle Companies were worth $5,969,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CSL. FMR LLC increased its stake in Carlisle Companies by 29.6% during the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock worth $429,641,000 after buying an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Carlisle Companies by 6,405.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock valued at $80,757,000 after acquiring an additional 176,799 shares in the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Carlisle Companies by 732.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock valued at $52,691,000 after acquiring an additional 125,687 shares in the last quarter. Holocene Advisors LP increased its position in shares of Carlisle Companies by 151.3% during the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock worth $79,594,000 after acquiring an additional 106,539 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock worth $391,827,000 after acquiring an additional 102,436 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Mehul Patel sold 150 shares of the business's stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares of the company's stock, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Carlisle Companies Stock Performance

Shares of CSL stock traded down $8.65 on Friday, hitting $334.48. 453,276 shares of the stock traded hands, compared to its average volume of 431,738. The company has a market capitalization of $14.90 billion, a PE ratio of 12.11, a PEG ratio of 1.05 and a beta of 0.96. The company's fifty day moving average is $377.47 and its 200 day moving average is $413.16. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 1-year low of $332.34 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping analysts' consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter in the previous year, the business earned $4.17 EPS. On average, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.20%. Carlisle Companies's payout ratio is currently 14.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CSL shares. Robert W. Baird lowered their price objective on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group decreased their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Loop Capital cut their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Oppenheimer reiterated an "outperform" rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, Truist Financial began coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $476.00.

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.