Insider Selling: 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 company’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carlisle Companies Trading Up 1.9 %

NYSE CSL opened at $361.04 on Friday. Carlisle Companies Incorporated has a 1-year low of $339.10 and a 1-year 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 company has a market capitalization of $16.37 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The firm’s fifty day simple moving average is $385.11 and its 200-day simple moving average is $415.23.

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, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $4.17 EPS. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share 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. Investors of record on Tuesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CSL shares. Robert W. Baird cut their price objective 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. Loop Capital cut their price objective 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. Truist Financial assumed coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. 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, The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to 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

A number of large investors have recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in Carlisle Companies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate’s stock worth $502,239,000 after purchasing an additional 29,799 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate’s stock worth $440,476,000 after purchasing an additional 17,206 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Carlisle Companies by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate’s stock worth $418,617,000 after purchasing an additional 34,021 shares in the last quarter. FMR LLC boosted its holdings in Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after purchasing an additional 218,002 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after purchasing an additional 102,436 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

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.