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

Carlisle Companies Incorporated (NYSE:CSL) CEO D Christian Koch sold 36,260 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the transaction, the chief executive officer owned 113,238 shares in the company, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $416.79 on Friday. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. The firm has a fifty day simple moving average of $348.80 and a two-hundred day simple moving average of $347.31. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The firm has a market capitalization of $17.42 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

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 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 firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the company earned $4.47 earnings per share. The business’s revenue was up .4% on a year-over-year basis. Analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be issued a $1.10 dividend. 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 (DPR) is currently 25.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CSL shares. JPMorgan Chase & Co. lowered their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. William Blair assumed coverage on shares of Carlisle Companies in a report on Friday, January 30th. They issued a “market perform” rating for the company. Truist Financial cut their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research note on Wednesday, February 4th. Finally, Oppenheimer dropped their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Four equities 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, Carlisle Companies currently has an average rating of “Hold” and a consensus price target of $392.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after purchasing an additional 28,414 shares during the period. Blair William & Co. IL purchased a new stake in Carlisle Companies in the 2nd quarter worth about $223,000. Callan Family Office LLC raised its stake in Carlisle Companies by 50.6% in the 2nd quarter. Callan Family Office LLC now owns 1,235 shares of the conglomerate’s stock valued at $461,000 after acquiring an additional 415 shares during the period. Blue Trust Inc. lifted its holdings in Carlisle Companies by 45.1% during the second quarter. Blue Trust Inc. now owns 647 shares of the conglomerate’s stock valued at $242,000 after purchasing an additional 201 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Carlisle Companies by 30.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,712 shares of the conglomerate’s stock valued at $2,507,000 after purchasing an additional 1,574 shares during the last quarter. 89.52% of the stock is 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.