State of New Jersey Common Pension Fund D Has $6.93 Million Holdings in 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% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. CANADA LIFE ASSURANCE Co boosted its stake in shares of Carlisle Companies by 7.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after purchasing an additional 4,692 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Carlisle Companies by 51.2% during the first quarter. Daiwa Securities Group Inc. now owns 13,045 shares of the conglomerate’s stock valued at $5,112,000 after purchasing an additional 4,415 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Carlisle Companies by 1,074.0% during the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after acquiring an additional 139,054 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Carlisle Companies by 887.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,891 shares of the conglomerate’s stock worth $5,443,000 after acquiring an additional 12,484 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Carlisle Companies by 38.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock worth $43,000 after acquiring an additional 3,815 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Trading Up 1.8 %

Shares of Carlisle Companies stock opened at $411.30 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $443.87. The stock has a 50 day moving average price of $409.59 and a two-hundred day moving average price of $400.61. The stock has a market capitalization 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 announced its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 EPS 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 firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm posted $5.18 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 of this dividend was Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.97%. Carlisle Companies’s payout ratio is presently 23.19%.

Insider Activity at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.