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

Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith sold 2,037 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $405.58, for a total transaction of $826,166.46. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,149,413.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Carlisle Companies Price Performance

Shares of 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 stock has a fifty day simple moving average of $378.51 and a two-hundred 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 firm has a market cap of $19.40 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Analysts anticipate that Carlisle Companies Incorporated will post 19.51 earnings per share for the current year.

Carlisle Companies Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Carlisle Companies during the fourth quarter worth $159,187,000. Pacer Advisors Inc. raised its stake in shares of Carlisle Companies by 5,351.1% during the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after purchasing an additional 413,691 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in Carlisle Companies by 666.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock worth $71,218,000 after purchasing an additional 198,191 shares in the last quarter. Wellington Management Group LLP boosted its stake in Carlisle Companies by 1,074.0% in the 4th quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after purchasing an additional 139,054 shares during the period. Finally, Morgan Stanley grew its holdings in Carlisle Companies by 3.6% during the 3rd quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after buying an additional 90,597 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on CSL shares. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Loop Capital lifted their price target on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Robert W. Baird boosted their price objective on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Oppenheimer raised their target price on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group started coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $416.00.

About Carlisle Companies

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.