Carlisle Companies (NYSE:CSL) Insider Stephen Schwar Sells 6,049 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL) insider Stephen Schwar sold 6,049 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the transaction, the insider directly owned 8,540 shares in the company, valued at approximately $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Carlisle Companies Stock Performance

Shares of CSL opened at $408.96 on Friday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a 50-day simple moving average of $350.50 and a two-hundred day simple 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 PE ratio of 23.90, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $4.47 EPS. On average, analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS 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. Investors of record on Tuesday, February 17th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Wall Street Analysts Forecast Growth

CSL has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Oppenheimer cut their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. William Blair started coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating on the stock. Finally, Truist Financial reduced their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Four investment 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, Carlisle Companies has a consensus rating of “Hold” and a consensus price target of $392.50.

Institutional Investors Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in 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 buying an additional 28,414 shares during the period. Blair William & Co. IL purchased a new stake in Carlisle Companies in the second quarter worth about $223,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Carlisle Companies by 30.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,712 shares of the conglomerate’s stock worth $2,507,000 after buying an additional 1,574 shares during the period. CWM LLC lifted its holdings in Carlisle Companies by 1.4% during the second quarter. CWM LLC now owns 3,076 shares of the conglomerate’s stock valued at $1,149,000 after purchasing an additional 41 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Carlisle Companies by 188.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,738 shares of the conglomerate’s stock worth $1,396,000 after purchasing an additional 2,442 shares in the last quarter. Hedge funds and other institutional investors own 89.52% 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.