Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith Sells 2,037 Shares

Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith sold 2,037 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were 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 of the company’s stock, valued at approximately $1,149,413.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carlisle Companies Price Performance

CSL opened at $405.84 on Tuesday. The business has a fifty day moving average of $376.23 and a 200 day moving average of $325.57. The stock has a market cap of $19.43 billion, a P/E ratio of 23.53, a PEG ratio of 1.36 and a beta of 0.90. The company has a quick ratio of 2.61, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. Carlisle Companies Incorporated has a 52-week low of $205.10 and a 52-week high of $415.00.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 19.51 EPS 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 given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, May 17th. Carlisle Companies’s dividend payout ratio (DPR) is presently 19.71%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Carlisle Companies

Hedge funds have recently added to or reduced their stakes in the business. Commerce Bank lifted its stake in shares of Carlisle Companies by 1.4% during the 4th quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after purchasing an additional 34 shares during the last quarter. Astoria Portfolio Advisors LLC. grew its position in shares of Carlisle Companies by 5.0% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock worth $265,000 after buying an additional 34 shares during the last quarter. Allworth Financial LP raised its stake in shares of Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 40 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in Carlisle Companies by 2.1% during the third quarter. Coldstream Capital Management Inc. now owns 1,958 shares of the conglomerate’s stock valued at $508,000 after acquiring an additional 41 shares during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in Carlisle Companies by 5.5% in the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after acquiring an additional 41 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.