Carlisle Companies Incorporated (NYSE:CSL) Insider Lori A. Snyder Sells 8,101 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSLGet Free Report) insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the transaction, the insider now directly owns 5,212 shares in the company, valued at $1,770,203.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Carlisle Companies Stock Performance

CSL opened at $350.65 on Tuesday. The company has a market cap of $17.13 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92. The stock has a 50-day moving average of $310.78 and a 200-day moving average of $282.06. Carlisle Companies Incorporated has a 52-week low of $203.65 and a 52-week high of $350.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.73 and a current ratio of 4.18.

Carlisle Companies (NYSE:CSLGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.70. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 27.90% and a net margin of 15.07%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.92 EPS. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 18.03 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 16th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.40 annualized dividend and a yield of 0.97%. Carlisle Companies’s payout ratio is 22.31%.

Institutional Trading of Carlisle Companies

Several hedge funds have recently added to or reduced their stakes in CSL. Moneta Group Investment Advisors LLC boosted its stake in 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 valued at $486,392,000 after purchasing an additional 2,062,104 shares during the period. Morgan Stanley boosted its stake in Carlisle Companies by 323.0% during the 4th quarter. Morgan Stanley now owns 2,200,538 shares of the conglomerate’s stock valued at $518,557,000 after purchasing an additional 1,680,274 shares during the period. Norges Bank bought a new stake in Carlisle Companies during the 4th quarter valued at approximately $239,527,000. CI Private Wealth LLC bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $132,599,000. Finally, Ninety One UK Ltd lifted its position in shares of Carlisle Companies by 13,576.1% in the 3rd quarter. Ninety One UK Ltd now owns 527,761 shares of the conglomerate’s stock worth $136,827,000 after acquiring an additional 523,902 shares during the period. Institutional investors own 90.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CSL shares. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Robert W. Baird upped their target price on Carlisle Companies from $350.00 to $354.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $310.67.

Read Our Latest Analysis on CSL

Carlisle Companies Company Profile

(Get Free Report)

Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

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