Teacher Retirement System of Texas Sells 25,052 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Teacher Retirement System of Texas lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,334 shares of the conglomerate's stock after selling 25,052 shares during the period. Teacher Retirement System of Texas owned about 0.15% of Carlisle Companies worth $25,204,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Algebris UK Ltd acquired a new position in Carlisle Companies during the 4th quarter worth approximately $715,000. Xponance Inc. increased its holdings in shares of Carlisle Companies by 4.6% during the fourth quarter. Xponance Inc. now owns 8,142 shares of the conglomerate's stock worth $3,003,000 after buying an additional 358 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Carlisle Companies by 59.9% in the 4th quarter. Intech Investment Management LLC now owns 43,949 shares of the conglomerate's stock valued at $16,210,000 after acquiring an additional 16,472 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at $93,000. Finally, Tocqueville Asset Management L.P. grew its position in Carlisle Companies by 6.0% during the 4th quarter. Tocqueville Asset Management L.P. now owns 4,375 shares of the conglomerate's stock worth $1,614,000 after acquiring an additional 248 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Trading Up 0.1 %

Shares of CSL traded up $0.26 during mid-day trading on Tuesday, reaching $348.96. 541,117 shares of the company were exchanged, compared to its average volume of 355,468. The business has a 50 day simple moving average of $358.30 and a two-hundred day simple moving average of $402.61. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock has a market capitalization of $15.41 billion, a PE ratio of 12.63, a PEG ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 52 week low of $321.93 and a 52 week high of $481.26.

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Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $4.17 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.15%. Carlisle Companies's dividend payout ratio (DPR) is currently 14.48%.

Analyst Ratings Changes

Several equities analysts have commented on CSL shares. The Goldman Sachs Group dropped their target price on 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 dropped their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, Oppenheimer reissued an "outperform" rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Carlisle Companies currently has an average rating of "Moderate Buy" and a consensus price target of $476.00.

Insiders Place Their Bets

In related news, VP Mehul Patel sold 150 shares of the 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 transaction, the vice president now directly owns 815 shares of the company's stock, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction on Friday, February 7th. The shares were 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 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. Company insiders own 1.50% of the company's stock.

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.