Sumitomo Mitsui Trust Group Inc. Sells 2,963 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

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

Analyst Ratings Changes

CSL has been the topic of a number of research reports. Loop Capital cut 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 note on Friday, January 10th. Robert W. Baird cut their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Oppenheimer reaffirmed an "outperform" rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group reduced their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Truist Financial started coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a "hold" rating and a $460.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $476.00.

Insider Transactions at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mehul Patel sold 150 shares of the business's 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 transaction, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,475 shares of company stock worth $541,219. 1.50% of the stock is currently owned by company insiders.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock traded down $2.78 during trading on Friday, hitting $357.83. 582,191 shares of the company's stock traded hands, compared to its average volume of 389,157. Carlisle Companies Incorporated has a 1 year low of $339.10 and a 1 year high of $481.26. The business has a 50-day simple moving average of $383.46 and a 200-day simple moving average of $414.74. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock has a market capitalization of $16.22 billion, a P/E ratio of 12.95, a PEG ratio of 1.04 and a beta of 0.96.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping 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 period in the prior year, the company earned $4.17 EPS. As a group, analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business 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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is 14.48%.

Carlisle Companies 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.