Carlisle Companies (NYSE:CSL) CEO Sells $14,989,158.80 in Stock

Carlisle Companies Incorporated (NYSE:CSL) CEO D Christian Koch sold 36,260 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the sale, the chief executive officer directly owned 113,238 shares in the company, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $408.96 on Friday. The business has a fifty day moving average of $350.50 and a 200 day moving average of $347.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92.

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

Carlisle Companies Announces Dividend

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

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raiffeisen Bank International AG increased its holdings in shares of Carlisle Companies by 12.8% in the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock valued at $80,000 after acquiring an additional 28 shares during the period. Vermillion & White Wealth Management Group LLC increased its holdings in Carlisle Companies by 69.6% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after buying an additional 32 shares in the last quarter. Blue Trust Inc. raised its holdings in Carlisle Companies by 4.9% during the third quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock worth $223,000 after purchasing an additional 32 shares during the last quarter. DNB Asset Management AS raised its stake in shares of Carlisle Companies by 0.3% during the 2nd quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock worth $4,576,000 after buying an additional 33 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of Carlisle Companies by 26.6% in the second quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock valued at $59,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Oppenheimer decreased 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. William Blair started coverage on Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating on the stock. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a report on Wednesday, February 4th. Finally, Vertical Research began coverage on Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating for the company. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.