Short Interest in Carlisle Companies Incorporated (NYSE:CSL) Grows By 10.1%

Carlisle Companies Incorporated (NYSE:CSL) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 743,400 shares, an increase of 10.1% from the May 31st total of 675,300 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 342,900 shares, the days-to-cover ratio is currently 2.2 days.

Insider Buying and Selling at Carlisle Companies

In related news, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the sale, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at approximately $645,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the sale, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at approximately $645,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares in the company, valued at $36,399,039.12. The disclosure for this sale can be found here. Insiders have sold a total of 58,059 shares of company stock valued at $24,334,065 over the last ninety days. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Carlisle Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSL. Morgan Stanley raised its stake in shares of Carlisle Companies by 3.6% during the 3rd quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after buying an additional 90,597 shares in the last quarter. Norges Bank purchased a new position in Carlisle Companies in the 4th quarter valued at approximately $159,187,000. Pacer Advisors Inc. boosted its position in Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after purchasing an additional 413,691 shares in the last quarter. Madison Asset Management LLC grew its holdings in Carlisle Companies by 2.9% in the fourth quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock valued at $125,449,000 after purchasing an additional 11,464 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Carlisle Companies by 2.6% in the fourth quarter. Truist Financial Corp now owns 321,222 shares of the conglomerate’s stock valued at $100,359,000 after buying an additional 8,195 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 0.8 %

Shares of CSL traded up $3.39 during mid-day trading on Wednesday, reaching $408.85. The stock had a trading volume of 258,510 shares, compared to its average volume of 317,139. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 1.36 and a beta of 0.90. Carlisle Companies has a 52-week low of $235.79 and a 52-week high of $430.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. The business’s fifty day moving average is $410.80 and its 200 day moving average is $367.69.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million. On average, sell-side analysts predict that Carlisle Companies will post 19.93 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a $0.85 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.83%. Carlisle Companies’s payout ratio is 19.71%.

Wall Street Analysts Forecast Growth

CSL has been the topic of several analyst reports. Loop Capital upped their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. The Goldman Sachs Group began coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price objective on the stock. Oppenheimer raised their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Robert W. Baird raised their price target on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $416.00.

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.