Sumitomo Mitsui Trust Group Inc. Has $42.48 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 7.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 94,456 shares of the conglomerate’s stock after selling 7,343 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Carlisle Companies were worth $42,482,000 at the end of the most recent reporting period.

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

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $445.24 on Friday. The company has a market cap of $20.18 billion, a PE ratio of 15.76, a PEG ratio of 1.49 and a beta of 0.91. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 1 year low of $269.58 and a 1 year high of $481.26. The company’s 50-day moving average is $442.46 and its two-hundred day moving average is $422.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $1.38 billion. During the same quarter in the prior year, the company earned $4.68 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts anticipate that Carlisle Companies Incorporated will post 20.36 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a dividend of $1.00 per share. The ex-dividend date 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 (DPR) is presently 14.15%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Oppenheimer raised their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Robert W. Baird decreased their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday. They issued a “hold” rating and a $460.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

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.