State of New Jersey Common Pension Fund D Has $7.64 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

State of New Jersey Common Pension Fund D cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.7% during the third quarter, HoldingsChannel.com reports. The firm owned 16,983 shares of the conglomerate’s stock after selling 119 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Carlisle Companies were worth $7,638,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC increased its holdings in shares of Carlisle Companies by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock valued at $332,000 after acquiring an additional 24 shares during the last quarter. Tributary Capital Management LLC boosted its holdings in shares of Carlisle Companies by 1.1% in the 3rd quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock worth $1,023,000 after acquiring an additional 24 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Carlisle Companies by 1.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock worth $719,000 after buying an additional 25 shares in the last quarter. Equitable Trust Co. boosted its holdings in Carlisle Companies by 0.3% in the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock valued at $3,874,000 after acquiring an additional 25 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Carlisle Companies by 19.3% in the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $450.85 on Monday. Carlisle Companies Incorporated has a 1-year low of $260.73 and a 1-year high of $481.26. The company has a market cap of $20.44 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.48 and a beta of 0.91. 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 company has a 50 day moving average of $437.97 and a 200-day moving average of $420.61.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $4.68 EPS. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 20.36 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.89%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird cut their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Oppenheimer lifted their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $475.00.

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.