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

Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction dated Thursday, November 21st. The shares were 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 $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Carlisle Companies Price Performance

NYSE:CSL traded up $6.16 during trading hours on Friday, reaching $447.68. 54,799 shares of the company traded hands, compared to its average volume of 323,488. The firm’s 50-day moving average is $445.49 and its 200-day moving average is $423.51. 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 cap of $20.29 billion, a P/E ratio of 15.62, a P/E/G ratio of 1.43 and a beta of 0.91. Carlisle Companies Incorporated has a 1-year low of $272.15 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its 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). 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 during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business posted $4.68 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Analyst Ratings Changes

CSL has been the topic of several research reports. Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer increased their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird cut their target price 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $472.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CSL. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies in the 3rd quarter worth $25,000. ORG Wealth Partners LLC purchased a new stake in Carlisle Companies in the 3rd quarter worth approximately $32,000. True Wealth Design LLC lifted its stake 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. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies in the second quarter valued at approximately $32,000. Finally, ORG Partners LLC acquired a new position in Carlisle Companies during the 2nd quarter worth $31,000. 89.52% of the stock is currently owned by institutional investors.

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.