Insider Selling: Carlisle Companies Incorporated (NYSE:CSL) VP Sells 150 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) VP Mehul Patel sold 150 shares of the stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares of the company's stock, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Carlisle Companies Trading Down 0.8 %

Shares of Carlisle Companies stock traded down $2.78 on Friday, hitting $357.83. 582,191 shares of the company traded hands, compared to its average volume of 389,157. The stock's 50 day moving average price is $383.46 and its 200-day moving average price is $414.76. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 52 week low of $339.10 and a 52 week high of $481.26. The company has a market cap of $16.22 billion, a PE ratio of 12.95, a PEG ratio of 1.04 and a beta of 0.96.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 33.14%. During the same quarter in the prior year, the firm earned $4.17 earnings per share. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies's dividend payout ratio is presently 14.48%.

Hedge Funds Weigh In On Carlisle Companies

Several institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV increased its holdings in Carlisle Companies by 1.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,291 shares of the conglomerate's stock valued at $3,058,000 after buying an additional 116 shares during the period. Freestone Grove Partners LP purchased a new position in Carlisle Companies during the fourth quarter valued at approximately $535,000. Gallo Partners LP purchased a new position in Carlisle Companies in the fourth quarter worth $911,000. TOMS Capital Investment Management LP purchased a new position in Carlisle Companies in the fourth quarter worth $54,219,000. Finally, Lido Advisors LLC purchased a new position in Carlisle Companies in the fourth quarter worth $237,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Truist Financial initiated coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a "hold" rating and a $460.00 price objective for the company. The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Loop Capital decreased their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Carlisle Companies presently has an average rating of "Moderate Buy" and an average 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.