David W. Smith Sells 275 Shares of Carlisle Companies Incorporated (NYSE:CSL) Stock

Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith sold 275 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Carlisle Companies Stock Up 1.9 %

CSL stock opened at $449.72 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock has a market capitalization of $20.39 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.43 and a beta of 0.91. The business’s fifty day moving average price is $446.26 and its two-hundred day moving average price is $423.82. Carlisle Companies Incorporated has a fifty-two week low of $272.15 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned $4.68 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is currently 14.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CSL. Capital Performance Advisors LLP bought a new position in shares of Carlisle Companies in the third quarter worth $25,000. ORG Partners LLC bought a new position in Carlisle Companies in the second quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Carlisle Companies in the second quarter valued at about $32,000. ORG Wealth Partners LLC bought a new position in Carlisle Companies in the third quarter valued at about $32,000. Finally, True Wealth Design LLC grew its position in Carlisle Companies by 1,400.0% in 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 during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the subject of several research reports. Truist Financial initiated coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Robert W. Baird lowered their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Oppenheimer increased their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average price target of $472.00.

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.