David Smith Sells 1,800 Shares of Carlisle Companies (NYSE:CSL) Stock

Carlisle Companies Incorporated (NYSE:CSL) VP David Smith sold 1,800 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the sale, the vice president directly owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. This trade represents a 32.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Carlisle Companies Trading Down 0.5%

NYSE CSL opened at $416.79 on Friday. The firm’s fifty day moving average is $348.80 and its two-hundred day moving average is $347.31. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. The firm has a market cap of $17.42 billion, a PE ratio of 24.36, a P/E/G ratio of 1.33 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, topping the consensus estimate of $3.60 by $0.30. The business 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 company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.47 earnings per share. Analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be paid a $1.10 dividend. 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 is presently 25.72%.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in Carlisle Companies in the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd raised its holdings in Carlisle Companies by 527.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after buying an additional 58 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in Carlisle Companies during the fourth quarter valued at approximately $27,000. Finally, Traub Capital Management LLC purchased a new stake in Carlisle Companies during the second quarter worth approximately $28,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the topic of several analyst reports. William Blair started coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating on the stock. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research report on Wednesday, February 4th. Truist Financial cut their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, Vertical Research started coverage on Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $392.50.

Carlisle Companies Company Profile

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.