Carlisle Companies Incorporated (NYSE:CSL) VP Sells $52,579.50 in Stock

Carlisle Companies Incorporated (NYSE:CSL) VP Mehul Patel sold 150 shares of the stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Carlisle Companies Stock Performance

NYSE CSL opened at $357.59 on Wednesday. The firm has a market cap of $16.21 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $388.30 and its 200-day moving average is $416.04. Carlisle Companies Incorporated has a 12-month low of $338.52 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period last year, the company earned $4.17 earnings per share. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s payout ratio is presently 14.48%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently modified their holdings of CSL. Capital Performance Advisors LLP bought a new stake in Carlisle Companies during the third quarter valued at $25,000. TD Private Client Wealth LLC increased its stake in Carlisle Companies by 475.0% in the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 57 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Carlisle Companies in the 3rd quarter valued at about $32,000. True Wealth Design LLC boosted its position in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 70 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after purchasing an additional 92 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

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.