D Christian Koch Sells 54,927 Shares of Carlisle Companies Incorporated (NYSE:CSL) Stock

Carlisle Companies Incorporated (NYSE:CSL) CEO D Christian Koch sold 54,927 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Carlisle Companies Trading Up 0.0 %

Shares of Carlisle Companies stock opened at $423.61 on Friday. The company’s fifty day simple moving average is $393.42 and its 200-day simple moving average is $340.77. The company has a market cap of $20.16 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.43 and a beta of 0.90. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. Carlisle Companies Incorporated has a 1 year low of $207.91 and a 1 year high of $429.60.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.98. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 19.91 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a $0.85 dividend. The ex-dividend date is Friday, May 17th. This represents a $3.40 annualized dividend and a yield of 0.80%. Carlisle Companies’s dividend payout ratio (DPR) is currently 19.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Oppenheimer increased their price target on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Loop Capital increased their price target on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. Robert W. Baird increased their price target on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group assumed coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commerce Bank lifted its position in Carlisle Companies by 1.4% in the fourth quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after purchasing an additional 34 shares during the period. Astoria Portfolio Advisors LLC. lifted its position in Carlisle Companies by 5.0% in the first quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock worth $265,000 after purchasing an additional 34 shares during the period. Allworth Financial LP lifted its position in Carlisle Companies by 88.9% in the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 40 shares during the period. Coldstream Capital Management Inc. lifted its position in Carlisle Companies by 2.1% in the third quarter. Coldstream Capital Management Inc. now owns 1,958 shares of the conglomerate’s stock worth $508,000 after purchasing an additional 41 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Carlisle Companies by 5.5% during the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after acquiring an additional 41 shares during the period. 89.52% of the stock is owned by 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.