Carlisle Companies Incorporated (NYSE:CSL) VP Sells $121,937.75 in Stock

Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith sold 275 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Carlisle Companies Stock Up 1.8 %

Shares of NYSE CSL opened at $449.65 on Friday. Carlisle Companies Incorporated has a 1 year low of $272.15 and a 1 year high of $481.26. The firm’s 50 day moving average price is $446.26 and its 200 day moving average price is $423.95. The firm has a market cap of $20.38 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $4.68 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.89%. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.15%.

Institutional Trading of Carlisle Companies

A number of hedge funds have recently bought and sold shares of the company. Blair William & Co. IL purchased a new stake in shares of Carlisle Companies during the 1st quarter valued at $204,000. O Shaughnessy Asset Management LLC grew its stake in shares of Carlisle Companies by 6.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,884 shares of the conglomerate’s stock valued at $2,697,000 after buying an additional 402 shares during the period. UniSuper Management Pty Ltd grew its stake in shares of Carlisle Companies by 75.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 700 shares of the conglomerate’s stock valued at $274,000 after buying an additional 300 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Carlisle Companies by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after buying an additional 4,692 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Carlisle Companies by 11.9% during the 1st quarter. Advisors Asset Management Inc. now owns 9,586 shares of the conglomerate’s stock worth $3,756,000 after purchasing an additional 1,023 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CSL shares. Oppenheimer increased their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Truist Financial began coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Finally, StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $472.00.

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.