Key Points
- CFO Kevin Zdimal sold 24,180 shares of Carlisle on Feb 10 at an average price of $408.04, generating about $9.87 million and cutting his holding by 44.55% to 30,094 shares valued at roughly $12.28 million.
- Carlisle beat recent quarterly expectations, reporting $3.90 EPS versus $3.60 expected on $1.13 billion in revenue, and declared a $1.10 quarterly dividend (ex-div Feb 17, payable Mar 2) for a $4.40 annualized payout (≈1.1% yield).
Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) VP David Smith sold 1,800 shares of Carlisle Companies stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the sale, the vice president directly owned 3,697 shares of the company's stock, valued at approximately $1,530,742.85. This represents a 32.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Carlisle Companies Stock Up 0.5%
Shares of NYSE:CSL opened at $418.55 on Thursday. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.32 and a beta of 0.94. The stock's 50-day moving average price is $346.92 and its two-hundred day moving average price is $346.83. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92.
Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the company earned $4.47 earnings per share. The company's quarterly revenue was up .4% on a year-over-year basis. On average, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.
Carlisle Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies's dividend payout ratio (DPR) is 25.72%.
Institutional Trading of Carlisle Companies
Hedge funds have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the second quarter valued at $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Carlisle Companies during the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in Carlisle Companies by 527.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate's stock worth $26,000 after buying an additional 58 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies in the 4th quarter valued at about $27,000. Finally, Traub Capital Management LLC acquired a new stake in shares of Carlisle Companies during the second quarter valued at about $28,000. Hedge funds and other institutional investors own 89.52% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on CSL shares. William Blair began coverage on Carlisle Companies in a research note on Friday, January 30th. They set a "market perform" rating for the company. Oppenheimer dropped their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, October 20th. JPMorgan Chase & Co. cut their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an "overweight" rating on the stock in a report on Thursday, October 30th. Truist Financial decreased their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a "hold" rating for the company in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Carlisle Companies in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $392.50.
Read Our Latest Analysis on Carlisle Companies
Carlisle Companies Company Profile
(
Get Free Report)
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.
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