State of New Jersey Common Pension Fund D Has $5.97 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

State of New Jersey Common Pension Fund D lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,184 shares of the conglomerate’s stock after selling 799 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Carlisle Companies were worth $5,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Monument Capital Management raised its stake in Carlisle Companies by 8.9% in the fourth quarter. Monument Capital Management now owns 5,335 shares of the conglomerate’s stock valued at $1,968,000 after purchasing an additional 438 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in Carlisle Companies in the fourth quarter valued at about $568,000. AustralianSuper Pty Ltd raised its stake in Carlisle Companies by 732.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate’s stock valued at $52,691,000 after purchasing an additional 125,687 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Carlisle Companies by 24.3% in the fourth quarter. Vontobel Holding Ltd. now owns 1,140 shares of the conglomerate’s stock valued at $420,000 after purchasing an additional 223 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate’s stock valued at $7,695,000 after purchasing an additional 1,102 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,475 shares of company stock worth $541,219. Insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

NYSE:CSL opened at $354.89 on Wednesday. The stock has a market cap of $16.09 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The stock’s 50-day moving average is $380.59 and its 200-day moving average is $414.09. Carlisle Companies Incorporated has a 1-year low of $339.10 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same quarter in the previous year, the company earned $4.17 EPS. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.48%.

Analyst Ratings Changes

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