Stephen Aldrich Sells 1,095 Shares of Carlisle Companies Incorporated (NYSE:CSL) Stock

Carlisle Companies Incorporated (NYSE:CSL) CAO Stephen Aldrich sold 1,095 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the transaction, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at $645,540. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Carlisle Companies Price Performance

NYSE:CSL opened at $405.28 on Wednesday. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $378.51 and a 200 day simple moving average of $327.81. Carlisle Companies Incorporated has a 1-year low of $205.10 and a 1-year high of $415.00. The stock has a market capitalization of $19.40 billion, a PE ratio of 23.49, a P/E/G ratio of 1.36 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, beating 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 the consensus estimate of $993.06 million. On average, research analysts expect that Carlisle Companies Incorporated will post 19.51 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CSL. Oppenheimer raised their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Robert W. Baird raised their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research note 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. Loop Capital raised their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group began 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 for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $416.00.

Hedge Funds Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Birch Hill Investment Advisors LLC increased its holdings in shares of Carlisle Companies by 50.5% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock valued at $4,491,000 after purchasing an additional 4,820 shares during the last quarter. Banco Santander S.A. bought a new stake in shares of Carlisle Companies in the third quarter valued at about $341,000. Exchange Traded Concepts LLC bought a new stake in shares of Carlisle Companies in the fourth quarter valued at about $1,093,000. Pacer Advisors Inc. boosted its position in shares of Carlisle Companies by 5,351.1% in the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after acquiring an additional 413,691 shares during the period. Finally, Pathstone Family Office LLC boosted its position in shares of Carlisle Companies by 63.6% in the third quarter. Pathstone Family Office LLC now owns 3,152 shares of the conglomerate’s stock valued at $817,000 after acquiring an additional 1,225 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.