Sumitomo Mitsui DS Asset Management Company Ltd Increases Stake in Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,479 shares of the conglomerate’s stock after purchasing an additional 851 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Carlisle Companies were worth $1,815,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CSL. Norges Bank purchased a new stake in Carlisle Companies during the 4th quarter valued at $159,187,000. Public Employees Retirement Association of Colorado grew its stake in shares of Carlisle Companies by 666.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock worth $71,218,000 after purchasing an additional 198,191 shares during the last quarter. Wellington Management Group LLP increased its holdings in Carlisle Companies by 1,074.0% during the 4th quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock valued at $47,490,000 after purchasing an additional 139,054 shares during the period. Swedbank AB purchased a new stake in Carlisle Companies in the 1st quarter worth approximately $31,218,000. Finally, Baillie Gifford & Co. bought a new stake in shares of Carlisle Companies in the 1st quarter worth approximately $17,279,000. Institutional investors own 89.52% of the company’s stock.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction that occurred 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 owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other 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 directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Up 2.5 %

NYSE CSL opened at $423.80 on Friday. The stock’s 50 day moving average is $410.73 and its 200 day moving average is $396.31. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $20.17 billion, a PE ratio of 24.57, a P/E/G ratio of 1.31 and a beta of 0.90. Carlisle Companies Incorporated has a twelve month low of $235.79 and a twelve month high of $443.87.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm earned $5.18 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Research analysts forecast that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.94%. This is a positive change 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%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird raised their price target on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $423.00.

Carlisle Companies Company 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.