Sumitomo Life Insurance Co. Buys Shares of 5,011 Carlisle Companies Incorporated (NYSE:CSL)

Sumitomo Life Insurance Co. purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, Holdings Channel.com reports. The firm purchased 5,011 shares of the conglomerate’s stock, valued at approximately $1,848,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSL. Resonant Capital Advisors LLC increased its holdings in Carlisle Companies by 3.4% in the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock worth $332,000 after buying an additional 24 shares during the last quarter. Tributary Capital Management LLC grew its position in Carlisle Companies by 1.1% in the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock worth $1,023,000 after acquiring an additional 24 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of Carlisle Companies by 1.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock worth $719,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. raised its holdings in shares of Carlisle Companies by 0.3% during the 3rd quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock valued at $3,874,000 after purchasing an additional 25 shares in the last quarter. Finally, Metis Global Partners LLC lifted its stake in shares of Carlisle Companies by 5.2% in the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock valued at $273,000 after purchasing an additional 30 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 1.5 %

Shares of Carlisle Companies stock opened at $389.53 on Thursday. Carlisle Companies Incorporated has a 1 year low of $310.04 and a 1 year high of $481.26. The company’s fifty day simple moving average is $404.24 and its 200-day simple moving average is $419.74. The company has a market cap of $17.66 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.19 and a beta of 0.96. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.03%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CSL shares. Oppenheimer reissued an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Loop Capital cut their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Truist Financial started coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Robert W. Baird dropped 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 report on Friday, October 25th. Finally, The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and an average price target of $476.00.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

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.