Carlisle Companies Incorporated (NYSE:CSL) Sees Large Growth in Short Interest

Carlisle Companies Incorporated (NYSE:CSL) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,400,000 shares, a growth of 29.6% from the January 31st total of 1,080,000 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily volume of 397,500 shares, the short-interest ratio is currently 3.5 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on CSL. Loop Capital decreased their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. The Goldman Sachs Group reduced their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Truist Financial assumed 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $476.00.

Insider Buying and Selling

In other news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares of the company’s stock, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now owns 815 shares of the company’s stock, valued at approximately $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Carlisle Companies

Institutional investors and hedge funds have recently modified their holdings of the company. Siemens Fonds Invest GmbH grew its stake in Carlisle Companies by 31.6% in the 4th quarter. Siemens Fonds Invest GmbH now owns 857 shares of the conglomerate’s stock valued at $316,000 after buying an additional 206 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Carlisle Companies during the fourth quarter valued at about $10,703,000. Jefferies Financial Group Inc. acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at about $4,163,000. Wilkins Miller Wealth Management LLC bought a new position in shares of Carlisle Companies in the fourth quarter worth about $390,000. Finally, Mackenzie Financial Corp lifted its position in shares of Carlisle Companies by 44.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,392 shares of the conglomerate’s stock worth $1,251,000 after purchasing an additional 1,044 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 1.9 %

Carlisle Companies stock traded down $6.49 during mid-day trading on Tuesday, hitting $326.52. 440,282 shares of the company’s stock were exchanged, compared to its average volume of 426,509. Carlisle Companies has a 1-year low of $321.93 and a 1-year high of $481.26. The stock has a 50 day moving average of $368.36 and a two-hundred day moving average of $410.40. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a market cap of $14.55 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.03 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter in the prior year, the firm posted $4.17 earnings per share. As a group, analysts anticipate that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is 14.48%.

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.