MassMutual Private Wealth & Trust FSB Decreases Stock Position in Carlisle Companies Incorporated $CSL

MassMutual Private Wealth & Trust FSB cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,149 shares of the conglomerate’s stock after selling 7,880 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Carlisle Companies were worth $9,963,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after purchasing an additional 28,414 shares in the last quarter. Creative Planning boosted its position in shares of Carlisle Companies by 2.3% during the second quarter. Creative Planning now owns 8,633 shares of the conglomerate’s stock valued at $3,224,000 after buying an additional 191 shares during the last quarter. Cetera Investment Advisers increased its holdings in Carlisle Companies by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 9,020 shares of the conglomerate’s stock worth $3,368,000 after buying an additional 138 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Carlisle Companies by 4.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 21,939 shares of the conglomerate’s stock worth $8,192,000 after buying an additional 1,030 shares during the last quarter. Finally, Wealthspire Advisors LLC bought a new position in Carlisle Companies during the 2nd quarter valued at about $229,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 1.4%

Carlisle Companies stock opened at $328.00 on Friday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a market cap of $13.41 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.07 and a beta of 0.91. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. The business has a 50-day simple moving average of $372.47 and a two-hundred day simple moving average of $345.99.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.47 EPS. Analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $1.10 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.72%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSL shares. JPMorgan Chase & Co. raised their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research report on Wednesday, February 4th. Finally, Oppenheimer boosted their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Hold” and a consensus target price of $399.17.

Insider Buying and Selling at Carlisle Companies

In other news, insider Stephen Schwar sold 6,049 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the sale, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. This represents a 41.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP David W. Smith sold 1,800 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the transaction, the vice president directly owned 3,697 shares in the company, valued at approximately $1,530,742.85. This represents a 32.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 68,289 shares of company stock worth $28,125,467. 1.50% of the stock is owned by insiders.

Carlisle Companies Company 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.