Carlisle Companies (NYSE:CSL) CFO Kevin Zdimal Sells 24,180 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL) CFO Kevin Zdimal sold 24,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the transaction, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at $12,279,555.76. The trade was a 44.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $418.55 on Thursday. 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 stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.32 and a beta of 0.94. The firm’s 50 day simple moving average is $346.92 and its 200-day simple moving average is $346.83. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92.

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

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is presently 25.72%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CSL. JPMorgan Chase & Co. reduced their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Oppenheimer reduced their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Vertical Research started coverage on Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating on the stock. William Blair assumed coverage on shares of Carlisle Companies in a report on Friday, January 30th. They issued a “market perform” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Hold” and an average price target of $392.50.

Institutional Trading of Carlisle Companies

Several hedge funds have recently made changes to their positions in CSL. Bridges Investment Management Inc. grew its position in shares of Carlisle Companies by 221.3% in the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock valued at $48,721,000 after buying an additional 102,014 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Carlisle Companies by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after buying an additional 8,701 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in Carlisle Companies during the 3rd quarter valued at approximately $540,000. EFG Asset Management North America Corp. raised its stake in shares of Carlisle Companies by 11.3% during the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock worth $3,260,000 after purchasing an additional 885 shares during the last quarter. Finally, Sierra Legacy Group acquired a new stake in shares of Carlisle Companies in the 2nd quarter worth $764,000. 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.