Insider Selling: Carlisle Companies (NYSE:CSL) Insider Sells 6,049 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL) insider Stephen Schwar sold 6,049 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the sale, the insider owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. This represents a 41.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded down $6.03 during trading on Friday, hitting $410.52. The company’s stock had a trading volume of 209,676 shares, compared to its average volume of 498,698. 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 firm has a market cap of $17.16 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a 50-day moving average of $348.80 and a 200-day moving average of $347.31. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 14.76% and a return on equity of 40.11%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company earned $4.47 earnings per share. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business 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 dividend of $1.10 per share. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies’s payout ratio is 25.72%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. William Blair assumed coverage on shares of Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating for the company. Truist Financial cut their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Oppenheimer cut their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Finally, Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and an average price target of $392.50.

Hedge Funds Weigh In On Carlisle Companies

A number of hedge funds have recently added to or reduced their stakes in CSL. State Street Corp boosted its holdings in shares of Carlisle Companies by 6.9% in the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock valued at $668,616,000 after purchasing an additional 134,241 shares during the period. JPMorgan Chase & Co. raised its position in Carlisle Companies by 33.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after purchasing an additional 358,241 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Carlisle Companies by 2.6% in the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after buying an additional 27,049 shares during the period. Bank of New York Mellon Corp grew its position in shares of Carlisle Companies by 113.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after buying an additional 558,710 shares in the last quarter. Finally, Sands Capital Management LLC increased its stake in shares of Carlisle Companies by 99.2% during the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after buying an additional 423,141 shares during the period. 89.52% of the stock is currently owned by institutional investors.

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.