Sumitomo Life Insurance Co. Buys 16,289 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Life Insurance Co. lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 325.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,300 shares of the conglomerate's stock after purchasing an additional 16,289 shares during the quarter. Sumitomo Life Insurance Co.'s holdings in Carlisle Companies were worth $7,253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC lifted its holdings in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after acquiring an additional 57 shares during the period. CX Institutional bought a new position in shares of Carlisle Companies during the 1st quarter worth about $49,000. GeoWealth Management LLC lifted its holdings in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after acquiring an additional 29 shares during the period. Wayfinding Financial LLC bought a new position in shares of Carlisle Companies during the 1st quarter worth about $55,000. Finally, Allworth Financial LP lifted its holdings in shares of Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate's stock worth $58,000 after acquiring an additional 42 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of analyst reports. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Truist Financial cut their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Robert W. Baird raised their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. started coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average target price of $461.67.

Carlisle Companies Stock Down 3.9%

Shares of CSL traded down $16.07 during midday trading on Tuesday, hitting $398.64. The stock had a trading volume of 818,732 shares, compared to its average volume of 403,532. The company has a 50 day simple moving average of $385.62 and a two-hundred day simple moving average of $367.79. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The firm has a market cap of $17.24 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.24 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.69.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.72 earnings per share. On average, analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is currently 14.89%.

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.