MassMutual Private Wealth & Trust FSB Grows Position in Carlisle Companies Incorporated (NYSE:CSL)

MassMutual Private Wealth & Trust FSB grew its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 207.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,256 shares of the conglomerate's stock after buying an additional 4,223 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Carlisle Companies were worth $2,307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSL. Capital Performance Advisors LLP purchased a new position in Carlisle Companies in the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new stake in shares of Carlisle Companies in the 3rd quarter worth $32,000. True Wealth Design LLC raised its stake in shares of Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after purchasing an additional 70 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Carlisle Companies by 75.0% during 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 last quarter. Institutional investors own 89.52% of the company's stock.

Insiders Place Their Bets

In related news, VP David W. Smith sold 275 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares of the company's stock, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Carlisle Companies Stock Performance

CSL traded up $8.77 during trading on Tuesday, hitting $408.62. The company's stock had a trading volume of 365,824 shares, compared to its average volume of 308,444. The business's 50 day simple moving average is $409.49 and its 200-day simple moving average is $420.56. The firm has a market cap of $18.52 billion, a PE ratio of 14.46, a P/E/G ratio of 1.18 and a beta of 0.96. Carlisle Companies Incorporated has a one year low of $302.08 and a one year high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $4.68 earnings per share. Carlisle Companies's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 20.23 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, November 15th. Carlisle Companies's dividend payout ratio is 14.15%.

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.