Carlisle Companies Incorporated (NYSE:CSL) VP Mehul Patel Sells 150 Shares

Carlisle Companies Incorporated (NYSE:CSL) VP Mehul Patel sold 150 shares of the firm’s stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $354.26 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.04 and a beta of 0.96. The firm’s 50 day simple moving average is $386.62 and its 200-day simple moving average is $415.61. Carlisle Companies Incorporated has a 12 month low of $338.52 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 33.14%. During the same quarter last year, the firm earned $4.17 EPS. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 annualized dividend and a dividend yield of 1.13%. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CSL. Oppenheimer restated an “outperform” rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group reduced their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Robert W. Baird reduced their target price 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. Finally, Loop Capital decreased 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Hedge Funds Weigh In On Carlisle Companies

Large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $208,095,000. Madison Investment Advisors LLC acquired a new stake in Carlisle Companies in the 4th quarter valued at $148,208,000. FMR LLC increased its holdings in Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Carlisle Companies by 6,405.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock worth $80,757,000 after acquiring an additional 176,799 shares during the period. Finally, AustralianSuper Pty Ltd raised its position in Carlisle Companies by 732.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate’s stock worth $52,691,000 after acquiring an additional 125,687 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.