Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 7.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,456 shares of the conglomerate's stock after selling 7,343 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Carlisle Companies worth $42,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Truist Financial Corp lifted its holdings in Carlisle Companies by 0.8% during the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate's stock worth $135,438,000 after buying an additional 2,545 shares during the last quarter. TD Asset Management Inc boosted its position in shares of Carlisle Companies by 2,073.5% in the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate's stock valued at $114,125,000 after purchasing an additional 268,685 shares during the period. Public Employees Retirement Association of Colorado grew its stake in Carlisle Companies by 2.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate's stock worth $94,886,000 after buying an additional 6,613 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position in Carlisle Companies by 1.9% during the second quarter. Zurich Insurance Group Ltd FI now owns 191,738 shares of the conglomerate's stock worth $77,694,000 after buying an additional 3,504 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Carlisle Companies by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate's stock valued at $71,375,000 after buying an additional 4,017 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSL. Truist Financial began coverage on shares of Carlisle Companies in a report on Thursday. They issued a "hold" rating and a $460.00 target price on the stock. StockNews.com cut Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Oppenheimer lifted their target price on Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird cut their price target on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $472.00.

Carlisle Companies Stock Performance

NYSE CSL traded down $4.23 on Friday, hitting $445.34. 208,098 shares of the company's stock were exchanged, compared to its average volume of 324,225. The firm has a market cap of $20.19 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 1.49 and a beta of 0.91. The firm's 50-day moving average price is $442.46 and its two-hundred day moving average price is $422.26. Carlisle Companies Incorporated has a fifty-two week low of $269.58 and a fifty-two week 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 - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last year, the firm earned $4.68 earnings per share. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. On average, research analysts expect that Carlisle Companies Incorporated will post 20.36 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.90%. Carlisle Companies's dividend payout ratio is presently 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.