Sumitomo Mitsui Trust Holdings Inc. Sells 11,727 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Mitsui Trust Holdings Inc. cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 109,129 shares of the conglomerate's stock after selling 11,727 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.22% of Carlisle Companies worth $34,095,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CSL. Allworth Financial LP grew its holdings in shares of Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate's stock worth $27,000 after buying an additional 40 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in Carlisle Companies in the fourth quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners bought a new position in Carlisle Companies in the fourth quarter valued at approximately $40,000. Artemis Wealth Advisors LLC bought a new position in Carlisle Companies in the second quarter valued at approximately $42,000. Finally, Signaturefd LLC grew its stake in Carlisle Companies by 28.9% in the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate's stock valued at $51,000 after purchasing an additional 44 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the sale, the insider now directly owns 5,212 shares of the company's stock, valued at approximately $1,770,203.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares of the company's stock, valued at approximately $30,114,169.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the transaction, the insider now directly owns 5,212 shares of the company's stock, valued at $1,770,203.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,255 shares of company stock valued at $5,231,360. Insiders own 1.50% of the company's stock.

Carlisle Companies Stock Performance

Shares of CSL remained flat at $367.41 during mid-day trading on Friday. The stock had a trading volume of 200,255 shares, compared to its average volume of 252,944. Carlisle Companies Incorporated has a 52 week low of $205.10 and a 52 week high of $403.44. The stock has a market cap of $17.56 billion, a PE ratio of 24.11, a P/E/G ratio of 1.31 and a beta of 0.93. The business's fifty day moving average price is $368.29 and its 200-day moving average price is $316.72. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.70. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted $3.92 EPS. Research analysts anticipate that Carlisle Companies Incorporated will post 18.72 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.85 per share. The ex-dividend date was Thursday, February 15th. This represents a $3.40 annualized dividend and a yield of 0.93%. Carlisle Companies's payout ratio is currently 22.31%.

Analyst Ratings Changes

A number of research firms have weighed in on CSL. StockNews.com upgraded Carlisle Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, February 7th. Robert W. Baird raised their price target on Carlisle Companies from $400.00 to $435.00 and gave the company an "outperform" rating in a research note on Tuesday, April 9th. The Goldman Sachs Group initiated coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They issued a "buy" rating and a $455.00 price target for the company. Loop Capital raised their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a "buy" rating in a research report on Monday, April 1st. Finally, Oppenheimer raised their price objective on Carlisle Companies from $405.00 to $412.00 and gave the company an "outperform" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of "Moderate Buy" and an average price target of $390.33.

About Carlisle Companies

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.