California State Teachers Retirement System Has $23.37 Million Stock Holdings in Carlisle Companies Incorporated $CSL

California State Teachers Retirement System reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,052 shares of the conglomerate’s stock after selling 2,751 shares during the quarter. California State Teachers Retirement System’s holdings in Carlisle Companies were worth $23,371,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CSL. State Street Corp raised its holdings in Carlisle Companies by 6.9% during the 4th quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after purchasing an additional 134,241 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Carlisle Companies by 26.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after purchasing an additional 251,614 shares during the period. Invesco Ltd. boosted its stake in shares of Carlisle Companies by 2.6% in the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after purchasing an additional 27,049 shares during the last quarter. Sands Capital Management LLC boosted its stake in shares of Carlisle Companies by 13.9% in the 4th quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock valued at $309,509,000 after purchasing an additional 118,139 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Carlisle Companies by 20.4% during the fourth quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock worth $206,681,000 after buying an additional 109,410 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Robert W. Baird set a $412.00 target price on shares of Carlisle Companies in a report on Thursday. Truist Financial decreased their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Oppenheimer lifted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Finally, Raymond James Financial began coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $401.17.

Carlisle Companies Trading Down 2.8%

Shares of Carlisle Companies stock opened at $359.61 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $432.91. The stock has a 50 day moving average price of $348.52 and a two-hundred day moving average price of $356.10. The stock has a market capitalization of $14.55 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 46.29% and a net margin of 14.21%.The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $6.27 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 21.21 earnings per share for the current fiscal year.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.