Carlisle Companies Incorporated (NYSE:CSL) CAO Sells $435,262.50 in Stock

Carlisle Companies Incorporated (NYSE:CSL) CAO Stephen Aldrich sold 1,095 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total value of $435,262.50. Following the sale, the chief accounting officer now owns 1,624 shares in the company, valued at $645,540. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $408.32 on Thursday. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. Carlisle Companies Incorporated has a 1-year low of $205.10 and a 1-year high of $415.00. The stock has a market capitalization of $19.55 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.36 and a beta of 0.90. The business has a 50-day moving average price of $379.68 and a two-hundred day moving average price of $328.38.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Equities analysts predict that Carlisle Companies Incorporated will post 19.51 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a $0.85 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.40 annualized dividend and a dividend yield of 0.83%. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its position in shares of Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after buying an additional 40 shares during the period. V Square Quantitative Management LLC acquired a new position in Carlisle Companies during the fourth quarter valued at approximately $31,000. Principal Securities Inc. acquired a new stake in Carlisle Companies in the fourth quarter worth $32,000. Tennessee Valley Asset Management Partners acquired a new stake in Carlisle Companies in the fourth quarter worth $40,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Carlisle Companies by 38.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock valued at $43,000 after buying an additional 3,815 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CSL. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target on the stock. Loop Capital raised their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Robert W. Baird upped their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Oppenheimer increased their price target on shares of Carlisle Companies from $412.00 to $430.00 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 given a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target of $416.00.

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.