Sumitomo Mitsui Trust Group Inc. Has $33.75 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Mitsui Trust Group Inc. cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,493 shares of the conglomerate’s stock after selling 2,963 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Carlisle Companies were worth $33,746,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Carlisle Companies during the 3rd quarter worth about $25,000. ORG Wealth Partners LLC acquired a new position in shares of Carlisle Companies in the 3rd quarter valued at about $32,000. True Wealth Design LLC boosted its position in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 70 shares in the last quarter. UMB Bank n.a. increased its holdings in Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after purchasing an additional 92 shares in the last quarter. Finally, Quarry LP lifted its stake in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSL shares. Loop Capital reduced their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target for the company. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Oppenheimer restated an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, The Goldman Sachs Group dropped their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Insiders Place Their Bets

In related news, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mehul Patel sold 150 shares of the company’s stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,475 shares of company stock valued at $541,219 in the last three months. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Stock Up 0.9 %

Shares of NYSE CSL opened at $357.59 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 1 year low of $338.52 and a 1 year high of $481.26. The stock has a market capitalization of $16.21 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.04 and a beta of 0.96. The company has a 50-day moving average price of $388.30 and a 200-day moving average price of $416.04.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $4.17 earnings per share. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

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.