Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) CAO Stephen Aldrich sold 1,095 shares of the company's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the sale, the chief accounting officer now directly owns 1,624 shares in the company, valued at $645,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Carlisle Companies Trading Up 1.8 %
Shares of CSL opened at $405.84 on Tuesday. The stock's fifty day simple moving average is $376.23 and its 200-day simple moving average is $325.57. The company has a quick ratio of 2.61, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $19.43 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. Carlisle Companies Incorporated has a 12-month low of $205.10 and a 12-month high of $415.00.
Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million. As a group, research analysts predict that Carlisle Companies Incorporated will post 19.51 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a $0.85 dividend. The ex-dividend date is Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a yield of 0.84%. Carlisle Companies's payout ratio is presently 19.71%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on CSL shares. Robert W. Baird increased their price target on Carlisle Companies from $435.00 to $465.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Oppenheimer raised their target price on Carlisle Companies from $412.00 to $430.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Loop Capital upped their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. StockNews.com upgraded shares of Carlisle Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group started coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They issued a "buy" rating and a $455.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of "Moderate Buy" and a consensus target price of $416.00.
Check Out Our Latest Analysis on CSL
Institutional Trading of Carlisle Companies
Several institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP boosted its position in shares of Carlisle Companies by 88.9% in the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate's stock worth $27,000 after purchasing an additional 40 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Carlisle Companies in the fourth quarter valued at about $31,000. Principal Securities Inc. bought a new position in Carlisle Companies during the fourth quarter worth about $32,000. Sound Income Strategies LLC grew its position in shares of Carlisle Companies by 564.7% during the 1st quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate's stock worth $44,000 after buying an additional 96 shares during the period. Finally, Rise Advisors LLC bought a new stake in shares of Carlisle Companies in the 1st quarter valued at about $48,000. Institutional investors own 89.52% of the company's stock.
About Carlisle Companies
(
Get Free Report)
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.
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