Sumitomo Mitsui DS Asset Management Company Ltd Buys 13,655 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 122.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,768 shares of the conglomerate's stock after purchasing an additional 13,655 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.05% of Carlisle Companies worth $9,135,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Marshall Wace LLP acquired a new stake in Carlisle Companies in the 2nd quarter valued at $254,000. Sanctuary Advisors LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $840,000. CWM LLC raised its holdings in Carlisle Companies by 41.4% during the third quarter. CWM LLC now owns 3,508 shares of the conglomerate's stock worth $1,578,000 after acquiring an additional 1,027 shares in the last quarter. Wedmont Private Capital bought a new stake in Carlisle Companies during the third quarter worth about $204,000. Finally, Patten Group Inc. boosted its position in Carlisle Companies by 3.6% during the third quarter. Patten Group Inc. now owns 1,016 shares of the conglomerate's stock valued at $457,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded up $3.02 on Tuesday, hitting $357.59. The company had a trading volume of 515,638 shares, compared to its average volume of 393,309. The stock has a 50 day moving average price of $388.30 and a 200 day moving average price of $416.04. 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 stock has a market cap of $16.21 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 1.04 and a beta of 0.96. Carlisle Companies Incorporated has a 1-year low of $338.52 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results 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 net margin of 26.22% and a return on equity of 33.14%. During the same period in the previous year, the company posted $4.17 EPS. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Loop Capital dropped their price objective on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. 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. Oppenheimer reiterated an "outperform" rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Robert W. Baird lowered their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Carlisle Companies presently has an average rating of "Moderate Buy" and a consensus target price of $476.00.

Insiders Place Their Bets

In other 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 transaction of $52,579.50. Following the sale, the vice president now directly owns 815 shares of the company's stock, valued at approximately $285,681.95. This represents a 15.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the transaction, the director now directly owns 2,665 shares of the company's stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,475 shares of company stock worth $541,219 in the last quarter. 1.50% of the stock is currently owned by corporate 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.