Carlisle Companies Incorporated (NYSE:CSL) Sees Large Growth in Short Interest

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 1,730,000 shares, an increase of 33.1% from the March 15th total of 1,300,000 shares. Currently, 4.0% of the company's stock are short sold. Based on an average trading volume of 488,600 shares, the days-to-cover ratio is currently 3.5 days.

Insider Buying and Selling at Carlisle Companies

In other 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 completion of the transaction, the vice president now owns 815 shares of the company's stock, valued at $285,681.95. The trade was a 15.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pensionfund Sabic purchased a new position in shares of Carlisle Companies during the 4th quarter worth $1,291,000. Nordea Investment Management AB increased its position in Carlisle Companies by 3.9% during the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock worth $1,440,000 after purchasing an additional 145 shares during the last quarter. Moody National Bank Trust Division acquired a new position in Carlisle Companies in the 4th quarter valued at about $872,000. Asset Management One Co. Ltd. grew its stake in shares of Carlisle Companies by 5.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock valued at $7,695,000 after buying an additional 1,102 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Carlisle Companies by 2.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of CSL traded up $21.39 during trading hours on Thursday, hitting $381.21. The stock had a trading volume of 819,354 shares, compared to its average volume of 393,200. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The firm has a 50-day moving average price of $340.87 and a 200 day moving average price of $389.33. Carlisle Companies has a fifty-two week low of $311.41 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, research analysts anticipate that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.05%. Carlisle Companies's dividend payout ratio is presently 14.48%.

Analysts Set New Price Targets

Several research firms have issued reports on CSL. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. The Goldman Sachs Group reduced 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. Robert W. Baird upped their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday. Truist Financial decreased their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday. Finally, Loop Capital cut 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $454.00.

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.