Massmutual Trust Co. FSB ADV Boosts Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Massmutual Trust Co. FSB ADV grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 541.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,033 shares of the conglomerate’s stock after buying an additional 1,716 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Carlisle Companies were worth $914,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CSL. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $32,000. ORG Partners LLC purchased a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $31,000. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $39,000. V Square Quantitative Management LLC purchased a new position in shares of Carlisle Companies during the 4th quarter worth approximately $31,000. Finally, Sound Income Strategies LLC boosted its position in shares of Carlisle Companies by 564.7% during the 1st quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 1.5 %

Shares of Carlisle Companies stock opened at $454.42 on Friday. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $455.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The company has a market capitalization of $21.63 billion, a P/E ratio of 26.34, a PEG ratio of 1.43 and a beta of 0.91. The company’s fifty day moving average is $414.25 and its two-hundred day moving average is $407.81.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm posted $5.18 EPS. Carlisle Companies’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts forecast that Carlisle Companies Incorporated will post 20.57 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a $1.00 dividend. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.88%. Carlisle Companies’s payout ratio is presently 23.19%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Robert W. Baird raised their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer restated an “outperform” rating and issued a $480.00 price objective (up from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $468.75.

Insider Activity

In other news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David W. Smith sold 600 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.