Carlisle Companies (NYSE:CSL) CFO Sells $9,866,407.20 in Stock

Carlisle Companies Incorporated (NYSE:CSL) CFO Kevin Zdimal sold 24,180 shares of Carlisle Companies stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the transaction, the chief financial officer owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $408.96 on Friday. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The business’s 50 day moving average is $350.50 and its two-hundred day moving average is $347.19. The company has a market capitalization of $17.09 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.32 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business earned $4.47 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.72%.

Institutional Investors Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC boosted its stake in Carlisle Companies by 53.7% during the fourth quarter. Kestra Advisory Services LLC now owns 8,907 shares of the conglomerate’s stock worth $2,849,000 after buying an additional 3,111 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Carlisle Companies during the 4th quarter valued at about $8,027,000. Quarry LP purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at about $36,000. Bank of Nova Scotia grew its holdings in shares of Carlisle Companies by 632.6% in the fourth quarter. Bank of Nova Scotia now owns 16,974 shares of the conglomerate’s stock valued at $5,429,000 after purchasing an additional 14,657 shares during the period. Finally, Champlain Investment Partners LLC increased its position in Carlisle Companies by 150.8% during the fourth quarter. Champlain Investment Partners LLC now owns 335,065 shares of the conglomerate’s stock worth $107,174,000 after purchasing an additional 201,485 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CSL. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research report on Wednesday, February 4th. Truist Financial reduced their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Oppenheimer lowered their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. William Blair began coverage on Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of “Hold” and an average target price of $392.50.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.