Stephen Schwar Sells 6,049 Shares of Carlisle Companies (NYSE:CSL) Stock

Carlisle Companies Incorporated (NYSE:CSL) insider Stephen Schwar sold 6,049 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the transaction, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Carlisle Companies Stock Down 1.8%

NYSE:CSL opened at $408.96 on Friday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a market cap of $17.09 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The stock has a fifty day simple moving average of $350.50 and a 200-day simple moving average of $346.65. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $4.47 earnings per share. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Institutional Trading of Carlisle Companies

A number of institutional investors have recently modified their holdings of the company. Elevation Point Wealth Partners LLC purchased a new stake in Carlisle Companies during the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Carlisle Companies by 527.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies during the 4th quarter worth $27,000. Finally, Traub Capital Management LLC acquired a new position in Carlisle Companies during the 2nd quarter valued at about $28,000. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on CSL shares. Truist Financial reduced their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. William Blair initiated coverage on Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating on the stock. Vertical Research began coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating for the company. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a report on Wednesday, February 4th. Finally, Oppenheimer reduced their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $392.50.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.