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

Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Carlisle Companies Stock Performance

CSL traded up $6.16 during trading hours on Friday, hitting $447.68. The stock had a trading volume of 54,799 shares, compared to its average volume of 323,488. The company’s fifty day simple moving average is $445.49 and its 200 day simple moving average is $423.51. Carlisle Companies Incorporated has a 1 year low of $272.15 and a 1 year high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The stock has a market cap of $20.29 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results 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). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.68 EPS. Equities analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Institutional Trading of Carlisle Companies

Large investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new position in shares of Carlisle Companies during the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the third quarter worth $32,000. True Wealth Design LLC lifted 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 purchasing an additional 70 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Carlisle Companies during the second quarter valued at $32,000. Finally, ORG Partners LLC bought a new stake in Carlisle Companies in the 2nd quarter worth about $31,000. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CSL shares. Robert W. Baird cut their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Oppenheimer increased their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Truist Financial started coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.