Short Interest in Carlisle Companies Incorporated (NYSE:CSL) Expands By 6.7%

Carlisle Companies Incorporated (NYSE:CSL – Get Rating) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 869,800 shares, an increase of 6.7% from the February 13th total of 815,400 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 326,300 shares, the days-to-cover ratio is currently 2.7 days.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 8,111 shares of Carlisle Companies stock in a transaction on Friday, February 10th. The stock was sold at an average price of $253.35, for a total transaction of $2,054,921.85. Following the completion of the transaction, the chief financial officer now directly owns 30,515 shares of the company’s stock, valued at $7,730,975.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSL. Bishop Rock Capital L.P. acquired a new stake in Carlisle Companies in the second quarter worth about $22,818,000. Moneta Group Investment Advisors LLC grew its position in shares of Carlisle Companies by 106,294.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,064,044 shares of the conglomerate’s stock worth $486,392,000 after buying an additional 2,062,104 shares during the period. Morgan Stanley grew its position in shares of Carlisle Companies by 323.0% during the 4th quarter. Morgan Stanley now owns 2,200,538 shares of the conglomerate’s stock worth $518,557,000 after buying an additional 1,680,274 shares during the period. Norges Bank acquired a new position in shares of Carlisle Companies during the 4th quarter worth about $239,527,000. Finally, CI Private Wealth LLC acquired a new position in shares of Carlisle Companies during the 4th quarter worth about $132,599,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSL has been the subject of a number of analyst reports. Robert W. Baird lifted their price objective on Carlisle Companies from $315.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. StockNews.com initiated coverage on Carlisle Companies in a report on Thursday. They set a “buy” rating for the company. Oppenheimer cut their price objective on Carlisle Companies from $360.00 to $345.00 and set an “outperform” rating for the company in a report on Friday. Finally, Wells Fargo & Company raised their target price on Carlisle Companies from $315.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $328.00.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $218.21 on Friday. Carlisle Companies has a twelve month low of $215.36 and a twelve month high of $318.71. The firm has a market cap of $11.16 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.39 and a current ratio of 2.08. The business has a fifty day moving average of $248.90 and a 200-day moving average of $259.34.

Carlisle Companies (NYSE:CSL – Get Rating) last announced its earnings results on Tuesday, February 7th. The conglomerate reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.86 by $0.06. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Carlisle Companies had a return on equity of 36.27% and a net margin of 14.02%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $2.92 earnings per share. On average, equities research analysts predict that Carlisle Companies will post 21.55 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 17th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.37%. Carlisle Companies’s payout ratio is 17.09%.

Carlisle Companies Company Profile

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Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT).