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

Carlisle Companies Incorporated (NYSE:CSL) VP Mehul Patel sold 150 shares of the company’s stock in a transaction dated Saturday, February 8th. The shares were 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 in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Carlisle Companies Stock Performance

NYSE:CSL opened at $357.59 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a twelve month low of $338.52 and a twelve month high of $481.26. The company has a fifty day moving average of $388.30 and a 200-day moving average of $416.04. The firm has a market capitalization of $16.21 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.04 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS 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 previous year, the business earned $4.17 earnings per share. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company 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 dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.48%.

Institutional Investors Weigh In On Carlisle Companies

A number of hedge funds have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Carlisle Companies in the 3rd quarter worth $25,000. TD Private Client Wealth LLC raised its holdings in Carlisle Companies by 475.0% during the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock worth $25,000 after buying an additional 57 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies in the third quarter valued at $32,000. True Wealth Design LLC grew its holdings in shares of 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 buying an additional 70 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

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

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.