Sumitomo Mitsui Trust Holdings Inc. Sells 5,005 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,799 shares of the conglomerate’s stock after selling 5,005 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.21% of Carlisle Companies worth $41,250,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Gladius Capital Management LP bought a new stake in shares of Carlisle Companies during the 2nd quarter worth $116,000. Blue Trust Inc. increased its holdings in Carlisle Companies by 353.1% during the second quarter. Blue Trust Inc. now owns 222 shares of the conglomerate’s stock worth $87,000 after buying an additional 173 shares during the last quarter. Cordatus Wealth Management LLC bought a new stake in Carlisle Companies in the second quarter worth about $402,000. Assenagon Asset Management S.A. boosted its stake in Carlisle Companies by 1,020.5% in the second quarter. Assenagon Asset Management S.A. now owns 6,611 shares of the conglomerate’s stock valued at $2,679,000 after acquiring an additional 6,021 shares during the last quarter. Finally, Silver Lake Advisory LLC bought a new position in shares of Carlisle Companies during the 2nd quarter valued at approximately $608,000. 89.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the topic of a number of research reports. Oppenheimer lifted their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Robert W. Baird boosted their target price on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $423.00.

Carlisle Companies Stock Down 0.7 %

CSL opened at $403.47 on Monday. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $443.87. The company has a market cap of $19.21 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $410.78 and a 200 day moving average of $391.01.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $5.18 earnings per share. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.99%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date is Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.

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.