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

Carlisle Companies Incorporated (NYSE:CSL) VP David W. Smith sold 275 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $449.65 on Friday. The firm has a market cap of $20.38 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.45 and a beta of 0.91. The firm’s 50-day simple moving average is $446.26 and its 200-day simple moving average is $423.95. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.68 EPS. Equities analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.89%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer boosted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. 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 objective on the stock. Finally, Robert W. Baird cut their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in Carlisle Companies during the third quarter worth about $25,000. ORG Partners LLC acquired a new stake in Carlisle Companies during the second quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Carlisle Companies during the second quarter worth about $32,000. ORG Wealth Partners LLC acquired a new stake in Carlisle Companies during the third quarter worth about $32,000. Finally, True Wealth Design LLC raised its stake in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Company Profile

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.