Sumitomo Mitsui Trust Group Inc. Has $29.18 Million Stake in Carlisle Companies Incorporated $CSL

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,239 shares of the conglomerate’s stock after selling 2,087 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Carlisle Companies worth $29,184,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CSL. Bank of New York Mellon Corp grew its stake in Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after buying an additional 558,710 shares in the last quarter. Barclays PLC grew its stake in Carlisle Companies by 947.3% during the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after buying an additional 451,662 shares in the last quarter. Sands Capital Management LLC grew its stake in Carlisle Companies by 99.2% during the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after buying an additional 423,141 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Carlisle Companies during the fourth quarter worth about $76,626,000. Finally, Captrust Financial Advisors grew its stake in Carlisle Companies by 126.7% during the third quarter. Captrust Financial Advisors now owns 296,937 shares of the conglomerate’s stock worth $97,680,000 after buying an additional 165,949 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Oppenheimer increased their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Robert W. Baird reduced their price target on shares of Carlisle Companies from $420.00 to $402.00 and set an “outperform” rating on the stock in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $396.17.

Insider Buying and Selling at Carlisle Companies

In related news, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the transaction, the insider owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David W. Smith sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the completion of the transaction, the vice president owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. This trade represents a 32.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 68,289 shares of company stock worth $28,125,467 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Carlisle Companies Trading Down 1.0%

CSL opened at $347.11 on Friday. The company’s 50 day moving average is $365.49 and its 200-day moving average is $343.49. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The company has a market cap of $14.19 billion, a P/E ratio of 20.29, a PEG ratio of 1.13 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the business earned $4.47 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Carlisle Companies 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.