Sumitomo Mitsui Trust Group Inc. Sells 2,087 Shares of Carlisle Companies Incorporated $CSL

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,239 shares of the conglomerate’s stock after selling 2,087 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Carlisle Companies were worth $29,184,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CSL. Goldman Sachs Group Inc. raised its holdings in Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after purchasing an additional 28,414 shares during the last quarter. Baird Financial Group Inc. raised its holdings in Carlisle Companies by 8.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after purchasing an additional 197 shares during the last quarter. Jump Financial LLC bought a new position in Carlisle Companies during the 2nd quarter worth approximately $1,345,000. Bank of Nova Scotia raised its holdings in Carlisle Companies by 118.6% during the 2nd quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock worth $615,000 after purchasing an additional 893 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Carlisle Companies by 40.0% during the 2nd quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock worth $43,088,000 after purchasing an additional 32,996 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 1,800 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the transaction, the vice president owned 3,697 shares of the company’s stock, valued at $1,530,742.85. This represents a 32.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the transaction, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 68,289 shares of company stock worth $28,125,467 over the last quarter. Company insiders own 1.30% of the company’s stock.

Carlisle Companies Stock Down 1.0%

Carlisle Companies stock opened at $347.11 on Friday. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The firm’s fifty day moving average is $365.49 and its 200 day moving average is $343.49. The company has a market capitalization of $14.19 billion, a PE ratio of 20.29, a PEG ratio of 1.13 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.47 EPS. As a group, sell-side analysts predict 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 was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is 25.72%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CSL. Oppenheimer raised their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Hold” and a consensus price target of $396.17.

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.