Carlisle Companies Incorporated (NYSE:CSL) VP Sells $121,937.75 in Stock

Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $449.72 on Friday. The stock’s 50 day moving average is $446.26 and its 200 day moving average is $423.82. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The firm has a market cap of $20.39 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.43 and a beta of 0.91. Carlisle Companies Incorporated has a one year low of $272.15 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.68 earnings per share. As a group, research analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSL. Oppenheimer lifted their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird cut their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Truist Financial began coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. Finally, StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and an average target price of $472.00.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co increased its holdings in Carlisle Companies by 7.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock worth $26,631,000 after purchasing an additional 4,692 shares in the last quarter. Silver Lake Advisory LLC bought a new stake in Carlisle Companies in the second quarter worth approximately $608,000. Price T Rowe Associates Inc. MD increased its holdings in Carlisle Companies by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock worth $17,391,000 after purchasing an additional 1,429 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Carlisle Companies by 44.6% in the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after purchasing an additional 17,472 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Carlisle Companies by 188.0% in the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock worth $3,235,000 after purchasing an additional 5,389 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

About Carlisle Companies

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.