John W. Altmeyer Sells 51,505 Shares of Carlisle Cos. Inc. (CSL) Stock
Carlisle Cos. Inc. (NYSE:CSL) insider John W. Altmeyer sold 51,505 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $111.24, for a total value of $5,729,416.20. Following the sale, the insider now owns 210,565 shares of the company’s stock, valued at $23,423,250.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Carlisle Cos. Inc. (NYSE:CSL) opened at 113.56 on Wednesday. The firm has a 50-day moving average price of $105.25 and a 200 day moving average price of $103.92. Carlisle Cos. Inc. has a 52-week low of $75.17 and a 52-week high of $114.49. The company has a market capitalization of $7.33 billion, a P/E ratio of 29.14 and a beta of 0.77.
Carlisle Cos. (NYSE:CSL) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.05. The company earned $991 million during the quarter, compared to analysts’ expectations of $1.03 billion. Carlisle Cos. had a return on equity of 15.66% and a net margin of 6.99%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 earnings per share. On average, analysts predict that Carlisle Cos. Inc. will post $5.83 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, November 15th. Carlisle Cos.’s dividend payout ratio (DPR) is presently 35.99%.
Separately, Zacks Investment Research downgraded Carlisle Cos. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $113.57.
Several institutional investors have recently made changes to their positions in the stock. Columbia Wanger Asset Management LLC bought a new position in shares of Carlisle Cos. during the second quarter valued at $47,654,000. Bridgeway Capital Management Inc. bought a new position in shares of Carlisle Cos. during the second quarter valued at $33,300,000. Numeric Investors LLC boosted its position in shares of Carlisle Cos. by 274.9% in the second quarter. Numeric Investors LLC now owns 380,900 shares of the company’s stock valued at $40,254,000 after buying an additional 279,300 shares during the period. Bank of Montreal Can bought a new position in shares of Carlisle Cos. during the second quarter valued at $29,421,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Carlisle Cos. by 3,098.2% in the second quarter. Thrivent Financial for Lutherans now owns 264,170 shares of the company’s stock valued at $27,917,000 after buying an additional 255,910 shares during the period. Institutional investors own 87.20% of the company’s stock.
About Carlisle Cos.
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).
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