Insider Selling: Carlisle Companies (NYSE:CSL) VP Sells $745,290.00 in Stock

Carlisle Companies Incorporated (NYSE:CSL) VP David Smith sold 1,800 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total value of $745,290.00. Following the sale, the vice president owned 3,697 shares in the company, valued at $1,530,742.85. The trade was a 32.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Carlisle Companies Stock Down 1.8%

Shares of NYSE CSL opened at $408.96 on Friday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The firm’s 50-day simple moving average is $350.50 and its 200 day simple moving average is $347.19. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The company has a market cap of $17.09 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

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

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be given 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 dividend yield of 1.1%. Carlisle Companies’s payout ratio is presently 25.72%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CSL. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. JPMorgan Chase & Co. cut their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Vertical Research began coverage on shares of Carlisle Companies in a report on Monday, October 20th. They set a “hold” rating for the company. Robert W. Baird set a $420.00 price target on Carlisle Companies in a research report on Wednesday, February 4th. Finally, Oppenheimer cut their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $392.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bridges Investment Management Inc. lifted its position in Carlisle Companies by 221.3% during the third quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after acquiring an additional 102,014 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Carlisle Companies by 4.0% during the third quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after purchasing an additional 8,701 shares during the period. Impact Partnership Wealth LLC acquired a new stake in Carlisle Companies during the 3rd quarter worth approximately $540,000. EFG Asset Management North America Corp. boosted its stake in Carlisle Companies by 11.3% in the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after purchasing an additional 885 shares during the period. Finally, Sierra Legacy Group acquired a new position in Carlisle Companies in the 2nd quarter valued at $764,000. 89.52% of the stock is currently owned by institutional investors.

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.