Insider Selling: Carlisle Companies Incorporated (NYSE:CSL) VP Sells 2,037 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith sold 2,037 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $405.58, for a total value of $826,166.46. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,149,413.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Carlisle Companies Stock Performance

CSL stock traded up $7.00 during mid-day trading on Monday, reaching $405.47. 299,980 shares of the stock traded hands, compared to its average volume of 286,620. The company has a quick ratio of 2.61, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. Carlisle Companies Incorporated has a 52 week low of $205.10 and a 52 week high of $415.00. The business has a 50-day moving average of $376.23 and a two-hundred day moving average of $325.57. The firm has a market capitalization of $19.41 billion, a PE ratio of 23.10, a P/E/G ratio of 1.36 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $993.06 million. As a group, equities analysts predict that Carlisle Companies Incorporated will post 19.51 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, May 17th. Carlisle Companies’s payout ratio is presently 19.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CSL. Loop Capital upped their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Oppenheimer upped their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. The Goldman Sachs Group began coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target on the stock. StockNews.com raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Robert W. Baird upped their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $416.00.

Institutional Investors Weigh In On Carlisle Companies

Several hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its stake in Carlisle Companies by 0.5% during the third quarter. Commonwealth Equity Services LLC now owns 14,508 shares of the conglomerate’s stock worth $3,762,000 after purchasing an additional 74 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Carlisle Companies by 924.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 10,026 shares of the conglomerate’s stock worth $2,599,000 after buying an additional 9,047 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Carlisle Companies by 12.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 7,616 shares of the conglomerate’s stock worth $1,975,000 after buying an additional 871 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Carlisle Companies by 3.6% during the third quarter. Brown Advisory Inc. now owns 37,231 shares of the conglomerate’s stock worth $9,653,000 after buying an additional 1,309 shares in the last quarter. Finally, Forsta AP Fonden increased its holdings in shares of Carlisle Companies by 515.4% during the third quarter. Forsta AP Fonden now owns 8,000 shares of the conglomerate’s stock worth $2,074,000 after buying an additional 6,700 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

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.