Sumitomo Mitsui DS Asset Management Company Ltd Sells 3,981 Shares of Carlisle Companies Incorporated $CSL

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 17.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,050 shares of the conglomerate’s stock after selling 3,981 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Carlisle Companies were worth $6,267,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Next Level Private LLC increased its holdings in shares of Carlisle Companies by 0.3% in the 3rd quarter. Next Level Private LLC now owns 13,000 shares of the conglomerate’s stock worth $4,269,000 after purchasing an additional 36 shares in the last quarter. Foster & Motley Inc. boosted its position in shares of Carlisle Companies by 11.7% during the third quarter. Foster & Motley Inc. now owns 2,226 shares of the conglomerate’s stock valued at $732,000 after buying an additional 234 shares during the last quarter. Birch Hill Investment Advisors LLC increased its holdings in Carlisle Companies by 4.8% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 53,147 shares of the conglomerate’s stock worth $17,483,000 after buying an additional 2,430 shares in the last quarter. Tributary Capital Management LLC raised its position in Carlisle Companies by 64.0% in the 3rd quarter. Tributary Capital Management LLC now owns 5,926 shares of the conglomerate’s stock worth $1,949,000 after buying an additional 2,312 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Carlisle Companies by 953.9% during the 3rd quarter. SG Americas Securities LLC now owns 10,802 shares of the conglomerate’s stock valued at $3,553,000 after acquiring an additional 9,777 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSL. Truist Financial reduced their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Vertical Research initiated coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Finally, Oppenheimer reduced their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $386.67.

Carlisle Companies Stock Up 4.5%

CSL opened at $355.22 on Monday. The firm’s 50 day simple moving average is $322.84 and its two-hundred day simple moving average is $352.40. The company has a market capitalization of $14.84 billion, a PE ratio of 20.15, a PEG ratio of 1.10 and a beta of 0.95. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, topping the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $5.78 EPS. Carlisle Companies’s revenue was up 1.0% on a year-over-year basis. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a $1.10 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Carlisle Companies’s dividend payout ratio is presently 24.96%.

Carlisle Companies 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.