MassMutual Private Wealth & Trust FSB Sells 7,880 Shares of Carlisle Companies Incorporated $CSL

MassMutual Private Wealth & Trust FSB cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 20.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,149 shares of the conglomerate’s stock after selling 7,880 shares during the period. MassMutual Private Wealth & Trust FSB owned about 0.07% of Carlisle Companies worth $9,963,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Carlisle Companies by 33.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after purchasing an additional 358,241 shares in the last quarter. Invesco Ltd. lifted its position in Carlisle Companies by 2.6% in the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after buying an additional 27,049 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Carlisle Companies by 113.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after buying an additional 558,710 shares in the last quarter. Sands Capital Management LLC boosted its stake in Carlisle Companies by 99.2% in the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after buying an additional 423,141 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Carlisle Companies by 2.5% during the third quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock valued at $215,582,000 after acquiring an additional 15,834 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Oppenheimer boosted their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday. Finally, Robert W. Baird set a $420.00 price objective on Carlisle Companies in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $399.17.

Carlisle Companies Stock Down 1.4%

Shares of Carlisle Companies stock opened at $328.00 on Friday. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.07 and a beta of 0.91. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company’s 50 day moving average price is $372.47 and its 200-day moving average price is $345.99. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating 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 return on equity of 41.58% and a net margin of 14.76%.The business’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.47 earnings per share. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s payout ratio is presently 25.72%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the sale, the chief executive officer directly owned 113,238 shares in the company, valued at $46,810,324.44. This trade represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kevin P. Zdimal sold 24,180 shares of Carlisle Companies stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the sale, the chief financial officer directly owned 30,094 shares in the company, valued at approximately $12,279,555.76. The trade was a 44.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 68,289 shares of company stock valued at $28,125,467 over the last quarter. Company insiders own 1.50% of the company’s stock.

About Carlisle Companies

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.