Short Interest in Carlisle Companies Incorporated (NYSE:CSL) Increases By 29.6%

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,400,000 shares, a growth of 29.6% from the January 31st total of 1,080,000 shares. Based on an average daily volume of 397,500 shares, the days-to-cover ratio is currently 3.5 days. Approximately 3.2% of the company's stock are short sold.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded up $1.68 during trading on Friday, reaching $336.08. 348,482 shares of the stock were exchanged, compared to its average volume of 424,268. Carlisle Companies has a 12 month low of $321.93 and a 12 month high of $481.26. The firm has a market cap of $14.98 billion, a PE ratio of 12.16, a PEG ratio of 1.03 and a beta of 0.99. The stock has a 50-day moving average price of $365.97 and a 200-day moving average price of $408.90. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same period in the previous year, the company earned $4.17 earnings per share. Research analysts expect that Carlisle Companies will post 22.31 EPS for the current fiscal year.

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Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is currently 14.48%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the sale, the vice president now owns 815 shares of the company's stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares in the company, valued at $930,724.60. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Carlisle Companies

Several institutional investors have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH boosted its stake in shares of Carlisle Companies by 31.6% in the fourth quarter. Siemens Fonds Invest GmbH now owns 857 shares of the conglomerate's stock valued at $316,000 after buying an additional 206 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Carlisle Companies during the fourth quarter worth $10,703,000. Jefferies Financial Group Inc. acquired a new position in shares of Carlisle Companies during the fourth quarter worth $4,163,000. Wilkins Miller Wealth Management LLC acquired a new stake in Carlisle Companies in the fourth quarter valued at $390,000. Finally, Mackenzie Financial Corp increased its holdings in Carlisle Companies by 44.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,392 shares of the conglomerate's stock valued at $1,251,000 after purchasing an additional 1,044 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of recent research reports. Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price on the stock. Loop Capital lowered their target price on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group lowered their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Carlisle Companies has an average rating of "Moderate Buy" and a consensus target price of $476.00.

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.