Insider Selling: Carlisle Companies (NYSE:CSL) Insider Sells 6,049 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL) insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the transaction, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Carlisle Companies Stock Down 1.4%

Shares of NYSE:CSL traded down $6.03 during trading hours on Friday, hitting $410.52. The company’s stock had a trading volume of 209,676 shares, compared to its average volume of 498,698. The firm’s fifty day moving average price is $348.80 and its 200 day moving average price is $347.31. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The company has a market capitalization of $17.16 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.30. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. Carlisle Companies’s revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $4.47 earnings per share. As a group, research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is 25.72%.

Institutional Investors Weigh In On Carlisle Companies

A number of large investors have recently made changes to their positions in CSL. Goldman Sachs Group Inc. raised its stake in shares of Carlisle Companies by 36.9% in the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after purchasing an additional 28,414 shares during the last quarter. Blair William & Co. IL purchased a new stake in shares of Carlisle Companies in the 2nd quarter valued at $223,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Carlisle Companies by 30.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,712 shares of the conglomerate’s stock worth $2,507,000 after purchasing an additional 1,574 shares during the last quarter. CWM LLC lifted its position in Carlisle Companies by 1.4% during the second quarter. CWM LLC now owns 3,076 shares of the conglomerate’s stock valued at $1,149,000 after purchasing an additional 41 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Carlisle Companies by 188.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,738 shares of the conglomerate’s stock valued at $1,396,000 after purchasing an additional 2,442 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on CSL shares. Robert W. Baird set a $420.00 target price on Carlisle Companies in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. JPMorgan Chase & Co. reduced their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Oppenheimer decreased their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Finally, William Blair began coverage on Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and an average price target of $392.50.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.