Carlisle Companies (NYSE:CSL) Shares Gap Down - What's Next?

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $376.31, but opened at $362.58. Carlisle Companies shares last traded at $358.35, with a volume of 30,231 shares traded.

Analyst Ratings Changes

Several brokerages recently weighed in on CSL. Loop Capital dropped their price target on shares of 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 dropped their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Oppenheimer reiterated an "outperform" rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Robert W. Baird dropped their price objective on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Truist Financial began coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $476.00.

Carlisle Companies Stock Up 0.4 %

The stock has a fifty day moving average of $392.01 and a 200 day moving average of $416.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The firm has a market capitalization of $15.90 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping analysts' consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same quarter in the previous year, the business posted $4.17 EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies's payout ratio is 14.48%.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares in the company, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David W. Smith sold 275 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Resonant Capital Advisors LLC lifted its position in shares of Carlisle Companies by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate's stock worth $332,000 after acquiring an additional 24 shares in the last quarter. Tributary Capital Management LLC lifted its holdings in Carlisle Companies by 1.1% during the 3rd quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate's stock worth $1,023,000 after purchasing an additional 24 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Carlisle Companies by 1.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate's stock worth $719,000 after purchasing an additional 25 shares in the last quarter. Equitable Trust Co. boosted its stake in Carlisle Companies by 0.3% in the 3rd quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate's stock worth $3,874,000 after purchasing an additional 25 shares during the period. Finally, Metis Global Partners LLC grew its holdings in Carlisle Companies by 5.2% during the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate's stock valued at $273,000 after buying an additional 30 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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.