Carlisle Companies Incorporated (NYSE:CSL) Short Interest Up 10.1% in June

Carlisle Companies Incorporated (NYSE:CSL) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 743,400 shares, an increase of 10.1% from the May 31st total of 675,300 shares. Based on an average daily volume of 342,900 shares, the short-interest ratio is presently 2.2 days. Currently, 1.6% of the company’s stock are short sold.

Carlisle Companies Stock Performance

NYSE CSL opened at $397.61 on Tuesday. The firm’s fifty day moving average price is $410.28 and its two-hundred day moving average price is $367.05. The stock has a market cap of $18.93 billion, a PE ratio of 23.05, a PEG ratio of 1.36 and a beta of 0.90. Carlisle Companies has a fifty-two week low of $235.79 and a fifty-two week high of $430.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data 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 net margin of 17.13% and a return on equity of 30.41%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $993.06 million. On average, equities analysts expect that Carlisle Companies will post 19.93 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were issued a $0.85 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.40 annualized dividend and a yield of 0.86%. Carlisle Companies’s payout ratio is 19.71%.

Analyst Ratings Changes

Several analysts recently issued reports on CSL shares. Oppenheimer increased their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. The Goldman Sachs Group started coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target on the stock. Robert W. Baird increased their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Loop Capital increased their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. 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, Carlisle Companies has an average rating of “Moderate Buy” and an average target price of $416.00.

Insider Buying and Selling

In other news, CAO Stephen Aldrich sold 1,095 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,624 shares in the company, valued at approximately $645,540. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP David W. Smith sold 2,037 shares of the company’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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen Aldrich sold 1,095 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,624 shares in the company, valued at $645,540. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,059 shares of company stock valued at $24,334,065. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently bought and sold shares of CSL. Commerce Bank raised its holdings in shares of Carlisle Companies by 1.4% during the fourth quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock valued at $768,000 after purchasing an additional 34 shares during the period. Astoria Portfolio Advisors LLC. raised its holdings in shares of Carlisle Companies by 5.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock valued at $265,000 after purchasing an additional 34 shares during the period. Allworth Financial LP raised its holdings in shares of Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 40 shares during the period. First Trust Direct Indexing L.P. raised its holdings in shares of Carlisle Companies by 5.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock worth $308,000 after acquiring an additional 41 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Carlisle Companies by 1.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the conglomerate’s stock worth $1,511,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.