Insider Selling: Carlisle Companies Incorporated (NYSE:CSL) VP Sells $826,166.46 in Stock

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

Carlisle Companies Stock Up 0.7 %

CSL opened at $408.32 on Thursday. The firm has a market cap of $19.55 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.36 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95. The firm’s 50-day simple moving average is $379.68 and its 200-day simple moving average is $328.38. Carlisle Companies Incorporated has a twelve month low of $205.10 and a twelve month high of $415.00.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping 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 firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $993.06 million. Equities research analysts anticipate that Carlisle Companies Incorporated will post 19.51 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be given a $0.85 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.40 annualized dividend and a yield of 0.83%. Carlisle Companies’s payout ratio is 19.71%.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BHK Investment Advisors LLC raised its holdings in shares of Carlisle Companies by 52.1% in the first quarter. BHK Investment Advisors LLC now owns 2,657 shares of the conglomerate’s stock valued at $1,041,000 after buying an additional 910 shares during the last quarter. Baron Wealth Management LLC acquired a new position in shares of Carlisle Companies during the first quarter worth approximately $229,000. Russell Investments Group Ltd. lifted its position in shares of Carlisle Companies by 57.5% during the first quarter. Russell Investments Group Ltd. now owns 44,757 shares of the conglomerate’s stock worth $17,538,000 after purchasing an additional 16,339 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Carlisle Companies by 13.9% during the first quarter. Inspire Investing LLC now owns 11,059 shares of the conglomerate’s stock valued at $4,333,000 after purchasing an additional 1,346 shares during the last quarter. Finally, Quantum Private Wealth LLC acquired a new stake in shares of Carlisle Companies in the first quarter valued at approximately $223,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Loop Capital lifted their price objective on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird increased their price objective on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Oppenheimer lifted their target price 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. Finally, The Goldman Sachs Group started coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $416.00.

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.