Carlisle Companies (NYSE:CSL) CEO D Christian Koch Sells 36,260 Shares of Stock

Carlisle Companies Incorporated (NYSE:CSL) CEO D Christian Koch sold 36,260 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the transaction, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at $46,810,324.44. This represents a 24.25% 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 Stock Performance

Carlisle Companies stock traded down $1.05 during trading hours on Wednesday, hitting $415.39. The stock had a trading volume of 168,553 shares, compared to its average volume of 492,879. The company has a 50-day moving average of $344.97 and a two-hundred day moving average of $346.32. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a market cap of $17.36 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $4.47 earnings per share. Carlisle Companies’s revenue was up .4% on a year-over-year basis. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. LGT Capital Partners LTD. boosted its position in Carlisle Companies by 6.2% in the 4th quarter. LGT Capital Partners LTD. now owns 73,030 shares of the conglomerate’s stock valued at $23,359,000 after buying an additional 4,240 shares during the last quarter. Westerkirk Capital Inc. acquired a new position in Carlisle Companies in the fourth quarter valued at approximately $323,000. Cerity Partners LLC grew its holdings in Carlisle Companies by 56.5% during the 4th quarter. Cerity Partners LLC now owns 6,913 shares of the conglomerate’s stock worth $2,211,000 after acquiring an additional 2,495 shares during the period. Brandywine Global Investment Management LLC raised its position in shares of Carlisle Companies by 49.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 86,311 shares of the conglomerate’s stock valued at $27,607,000 after acquiring an additional 28,493 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $63,000. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSL. William Blair initiated coverage on Carlisle Companies in a report on Friday, January 30th. They issued a “market perform” rating for the company. Oppenheimer dropped their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Finally, Truist Financial cut their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company 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.