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

Carlisle Companies Incorporated (NYSE:CSL) VP Mehul Patel sold 150 shares of the stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This represents a 15.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Carlisle Companies Trading Down 1.0 %

Shares of NYSE:CSL opened at $354.26 on Thursday. The company has a market capitalization of $16.06 billion, a PE ratio of 12.82, a P/E/G ratio of 1.04 and a beta of 0.96. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 12-month low of $338.52 and a 12-month high of $481.26. The business’s fifty day simple moving average is $386.62 and its 200-day simple moving average is $415.61.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business earned $4.17 earnings per share. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.13%. Carlisle Companies’s dividend payout ratio (DPR) is 14.48%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Loop Capital dropped their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target for the company. Finally, The Goldman Sachs Group reduced their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Two 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 company has an average rating of “Moderate Buy” and a consensus target price of $476.00.

Hedge Funds Weigh In On Carlisle Companies

Large investors have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in shares of Carlisle Companies in the 3rd quarter worth $25,000. TD Private Client Wealth LLC boosted its holdings in Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 57 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Carlisle Companies during the third quarter worth about $32,000. True Wealth Design LLC increased 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 acquiring an additional 70 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings 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 valued at $54,000 after acquiring an additional 92 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

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.