Carlisle Companies Incorporated (NYSE:CSL) CAO Stephen Aldrich Sells 1,095 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL) CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the sale, the chief accounting officer now owns 1,624 shares in the company, valued at $645,540. The sale was disclosed in a filing with the SEC, which is available at this link.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $405.84 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. The stock has a market cap of $19.43 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. The firm has a 50-day moving average of $376.23 and a two-hundred day moving average of $325.57. Carlisle Companies Incorporated has a 1 year low of $205.10 and a 1 year high of $415.00.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million. On average, research analysts forecast that Carlisle Companies Incorporated will post 19.51 earnings per share for the current year.

Carlisle Companies Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Carlisle Companies during the 4th quarter valued at $159,187,000. Pacer Advisors Inc. raised its stake in Carlisle Companies by 5,351.1% in the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after buying an additional 413,691 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in Carlisle Companies by 666.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock worth $71,218,000 after acquiring an additional 198,191 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Carlisle Companies by 1,074.0% during the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after acquiring an additional 139,054 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after acquiring an additional 90,597 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Company Profile

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.