Sumitomo Life Insurance Co. Invests $1.85 Million in Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Life Insurance Co. purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,011 shares of the conglomerate's stock, valued at approximately $1,848,000.

Several other hedge funds have also made changes to their positions in the business. Marshall Wace LLP acquired a new stake in Carlisle Companies in the 2nd quarter worth about $254,000. Squarepoint Ops LLC grew its stake in shares of Carlisle Companies by 72.1% during the 2nd quarter. Squarepoint Ops LLC now owns 6,690 shares of the conglomerate's stock valued at $2,711,000 after buying an additional 2,802 shares during the period. Creative Planning raised its holdings in shares of Carlisle Companies by 11.0% in the 2nd quarter. Creative Planning now owns 6,010 shares of the conglomerate's stock worth $2,435,000 after purchasing an additional 594 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Carlisle Companies by 12.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,620 shares of the conglomerate's stock valued at $1,467,000 after buying an additional 407 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Carlisle Companies during the 2nd quarter worth $840,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Up 1.3 %

Shares of NYSE CSL traded up $5.24 during mid-day trading on Thursday, reaching $394.62. The company had a trading volume of 376,118 shares, compared to its average volume of 316,527. The stock has a market capitalization of $17.89 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. Carlisle Companies Incorporated has a twelve month low of $313.14 and a twelve month high of $481.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The stock's 50 day moving average is $404.24 and its 200-day moving average is $419.74.

Carlisle Companies Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.01%. Carlisle Companies's dividend payout ratio is 14.15%.

Insider Buying and Selling

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

Analysts Set New Price Targets

CSL has been the subject of several recent research reports. Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a "hold" rating and a $460.00 price objective for the company. 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 report on Tuesday, January 14th. Loop Capital decreased their target price on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Finally, Oppenheimer restated an "outperform" rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Carlisle Companies has a consensus rating of "Moderate Buy" and an average price target of $476.00.

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.