Sumitomo Mitsui DS Asset Management Company Ltd Sells 13,962 Shares of Carlisle Companies Incorporated $CSL

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 73.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,088 shares of the conglomerate’s stock after selling 13,962 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Carlisle Companies were worth $1,627,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CSL. Bank of New York Mellon Corp raised its stake in Carlisle Companies by 113.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after buying an additional 558,710 shares in the last quarter. Barclays PLC raised its stake in Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after buying an additional 451,662 shares in the last quarter. Sands Capital Management LLC raised its stake in Carlisle Companies by 99.2% in the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after buying an additional 423,141 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Carlisle Companies in the fourth quarter worth approximately $76,626,000. Finally, Captrust Financial Advisors raised its stake in Carlisle Companies by 126.7% in the third quarter. Captrust Financial Advisors now owns 296,937 shares of the conglomerate’s stock worth $97,680,000 after buying an additional 165,949 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CSL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Raymond James Financial started coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Robert W. Baird increased their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Oppenheimer increased their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $405.00.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the transaction, the chief executive officer owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. This trade represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the transaction, the insider directly owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. This represents a 41.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 68,289 shares of company stock worth $28,125,467. Corporate insiders own 1.30% of the company’s stock.

Carlisle Companies Trading Down 0.1%

NYSE:CSL opened at $360.24 on Friday. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The firm has a 50 day moving average of $352.64 and a 200 day moving average of $346.64. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.14 and a beta of 0.88.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. Carlisle Companies’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.61 earnings per share. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.13 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. 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.