Carlisle Companies Incorporated $CSL Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 6.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 85,735 shares of the conglomerate’s stock after selling 5,504 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Carlisle Companies were worth $28,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. BOK Financial Private Wealth Inc. acquired a new position in Carlisle Companies in the fourth quarter valued at approximately $27,000. Torren Management LLC acquired a new stake in shares of Carlisle Companies during the 4th quarter worth approximately $33,000. Osterweis Capital Management Inc. acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $36,000. Quarry LP purchased a new position in shares of Carlisle Companies during the 4th quarter valued at approximately $36,000. Finally, Rothschild Investment LLC increased its holdings in shares of Carlisle Companies by 3,866.7% during the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on CSL shares. Raymond James Financial initiated coverage on shares of Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Oppenheimer upped their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Robert W. Baird increased their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $402.14.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $332.91 on Tuesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The firm has a fifty day moving average of $349.76 and a 200 day moving average of $355.29. The firm has a market cap of $13.47 billion, a PE ratio of 19.57, a PEG ratio of 1.04 and a beta of 0.85. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm posted $3.61 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. As a group, research analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a $1.10 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.