Carlisle Companies Incorporated (NYSE:CSL) Director Jonathan R. Collins Sells 1,050 Shares

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Carlisle Companies Price Performance

Shares of NYSE:CSL traded up $3.02 during midday trading on Tuesday, reaching $357.59. The company's stock had a trading volume of 515,638 shares, compared to its average volume of 393,309. Carlisle Companies Incorporated has a fifty-two week low of $338.52 and a fifty-two week high of $481.26. The company has a market capitalization of $16.21 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.04 and a beta of 0.96. 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 business's fifty day simple moving average is $390.04 and its 200-day simple moving average is $416.52.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating 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 period last year, the firm earned $4.17 earnings per share. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.12%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.48%.

Wall Street Analyst Weigh In

CSL has been the subject of several research reports. Loop Capital reduced their target price on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, January 10th. 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 for the company. The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Oppenheimer reiterated an "outperform" rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, Robert W. Baird dropped their price objective on 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average target price of $476.00.

Institutional Trading of Carlisle Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Carlisle Companies in the third quarter worth about $25,000. TD Private Client Wealth LLC increased its position in Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after purchasing an additional 57 shares during the period. ORG Wealth Partners LLC acquired a new stake in Carlisle Companies in the third quarter worth about $32,000. True Wealth Design LLC increased its position in Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after purchasing an additional 70 shares during the period. Finally, UMB Bank n.a. increased its position in Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock worth $54,000 after purchasing an additional 92 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

About Carlisle Companies

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.