Insider Selling: Carlisle Companies Incorporated (NYSE:CSL) VP Sells 2,037 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith sold 2,037 shares of Carlisle Companies stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $405.58, for a total transaction of $826,166.46. Following the sale, the vice president now owns 2,834 shares in the company, valued at approximately $1,149,413.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Carlisle Companies Trading Up 1.8 %

NYSE CSL traded up $7.00 on Monday, hitting $405.47. 299,980 shares of the stock were exchanged, compared to its average volume of 286,620. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95. The stock has a fifty day moving average price of $376.23 and a two-hundred day moving average price of $325.57. The firm has a market capitalization of $19.41 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.36 and a beta of 0.90. Carlisle Companies Incorporated has a 52-week low of $205.10 and a 52-week high of $415.00.

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

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, May 17th. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Institutional Trading of Carlisle Companies

A number of large investors have recently made changes to their positions in the stock. Mawer Investment Management Ltd. boosted its stake in shares of Carlisle Companies by 99.3% during the first quarter. Mawer Investment Management Ltd. now owns 20,245 shares of the conglomerate’s stock valued at $7,933,000 after purchasing an additional 10,085 shares during the period. Advisory Services Network LLC boosted its stake in shares of Carlisle Companies by 4.2% during the first quarter. Advisory Services Network LLC now owns 11,064 shares of the conglomerate’s stock valued at $4,335,000 after purchasing an additional 451 shares during the period. TFG Advisers LLC lifted its stake in Carlisle Companies by 4.3% in the first quarter. TFG Advisers LLC now owns 1,186 shares of the conglomerate’s stock worth $465,000 after acquiring an additional 49 shares during the period. Texas Permanent School Fund Corp lifted its stake in Carlisle Companies by 1.0% in the first quarter. Texas Permanent School Fund Corp now owns 42,497 shares of the conglomerate’s stock worth $16,652,000 after acquiring an additional 441 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new stake in Carlisle Companies in the first quarter worth about $11,539,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CSL shares. Robert W. Baird lifted their price objective on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Loop Capital lifted 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. The Goldman Sachs Group began coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective on the stock. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Oppenheimer boosted their price target 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.