Insider Selling: Carlisle Companies Incorporated (NYSE:CSL) Director Sells 1,050 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL) Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Carlisle Companies Price Performance

CSL stock traded up $1.33 during mid-day trading on Friday, hitting $350.70. The stock had a trading volume of 372,399 shares, compared to its average volume of 384,662. The firm has a fifty day simple moving average of $394.15 and a 200 day simple moving average of $417.50. Carlisle Companies Incorporated has a 52 week low of $337.01 and a 52 week high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $15.90 billion, a P/E ratio of 12.41, a P/E/G ratio of 1.15 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. During the same period in the prior year, the company posted $4.17 EPS. As a group, research analysts forecast that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.14%. Carlisle Companies’s payout ratio is currently 14.15%.

Institutional Investors Weigh In On Carlisle Companies

A number of hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in shares of Carlisle Companies by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock valued at $566,061,000 after purchasing an additional 16,303 shares in the last quarter. FMR LLC boosted its position in Carlisle Companies by 29.6% during the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after buying an additional 218,002 shares during the period. Geode Capital Management LLC boosted its position in Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after buying an additional 102,436 shares during the period. Truist Financial Corp boosted its position in Carlisle Companies by 3.9% during the 4th quarter. Truist Financial Corp now owns 362,695 shares of the conglomerate’s stock worth $133,776,000 after buying an additional 13,505 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Carlisle Companies by 14.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock worth $152,170,000 after buying an additional 41,766 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CSL shares. Loop Capital lowered their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Truist Financial started coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. The Goldman Sachs Group lowered their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Robert W. Baird decreased their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average target price of $476.00.

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.