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

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 91,493 shares of the conglomerate’s stock after selling 2,963 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Carlisle Companies worth $33,746,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

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

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $357.59 on Wednesday. The firm has a 50 day simple moving average of $388.30 and a 200 day simple moving average of $416.04. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.04 and a beta of 0.96. Carlisle Companies Incorporated has a one year low of $338.52 and a one year high of $481.26. 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 (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the business posted $4.17 EPS. Research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Insider Activity at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of the stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,475 shares of company stock worth $541,219 in the last quarter. 1.50% of the stock is owned by insiders.

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.