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 company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Carlisle Companies Price Performance

Shares of CSL stock opened at $350.70 on Friday. Carlisle Companies Incorporated has a twelve month low of $337.01 and a twelve month 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 stock has a fifty day simple moving average of $392.01 and a two-hundred day simple moving average of $416.97. The stock has a market capitalization of $15.90 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.15 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping 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 last year, the firm earned $4.17 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 20.23 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. 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 dividend payout ratio is presently 14.48%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Carlisle Companies

Large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in Carlisle Companies during the 3rd quarter valued at $25,000. ORG Wealth Partners LLC purchased a new stake in shares of Carlisle Companies during the 3rd quarter worth $32,000. True Wealth Design LLC boosted its position in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 70 shares in the last quarter. UMB Bank n.a. grew its stake in Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after purchasing an additional 92 shares during the last quarter. Finally, Quarry LP raised its holdings in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 57 shares in the last quarter. Institutional investors 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.