Carlisle Companies (NYSE:CSL) VP David Smith Sells 1,800 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL) VP David Smith sold 1,800 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total value of $745,290.00. Following the transaction, the vice president directly owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. This represents a 32.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Carlisle Companies Stock Up 0.5%

Shares of NYSE:CSL opened at $418.55 on Thursday. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The firm’s 50 day moving average price is $346.92 and its 200 day moving average price is $346.83. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $4.47 EPS. The firm’s revenue was up .4% on a year-over-year basis. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.72%.

Institutional Investors Weigh In On Carlisle Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridges Investment Management Inc. boosted its stake in shares of Carlisle Companies by 221.3% during the third quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock valued at $48,721,000 after acquiring an additional 102,014 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Carlisle Companies by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after purchasing an additional 8,701 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of Carlisle Companies during the 3rd quarter worth about $540,000. EFG Asset Management North America Corp. raised its position in shares of Carlisle Companies by 11.3% in the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after buying an additional 885 shares during the last quarter. Finally, Sierra Legacy Group purchased a new position in shares of Carlisle Companies during the second quarter valued at approximately $764,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Oppenheimer dropped their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Truist Financial lowered their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Vertical Research initiated coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating on the stock. William Blair started coverage on shares of Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $392.50.

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.