Carlisle Companies, Inc. (NYSE:CSL) insider Nicholas J. Shears sold 6,570 shares of Carlisle Companies stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $149.00, for a total value of $978,930.00. Following the transaction, the insider now owns 20,783 shares of the company’s stock, valued at approximately $3,096,667. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
CSL stock traded up $1.57 during mid-day trading on Friday, hitting $148.97. 20,116 shares of the company were exchanged, compared to its average volume of 343,284. The business has a 50 day simple moving average of $141.29 and a 200-day simple moving average of $134.14. The company has a current ratio of 2.96, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $7.99 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.15 and a beta of 1.01. Carlisle Companies, Inc. has a 1-year low of $92.16 and a 1-year high of $147.86.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $2.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.36 by $0.26. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a net margin of 9.04% and a return on equity of 16.52%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.87 earnings per share. Equities research analysts expect that Carlisle Companies, Inc. will post 8.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a dividend of $0.50 per share. The ex-dividend date was Monday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.34%. Carlisle Companies’s dividend payout ratio (DPR) is 32.15%.
A number of hedge funds have recently modified their holdings of CSL. Krane Funds Advisors LLC acquired a new stake in Carlisle Companies during the second quarter worth approximately $26,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Carlisle Companies in the second quarter valued at approximately $32,000. SRS Capital Advisors Inc. acquired a new stake in shares of Carlisle Companies in the second quarter valued at approximately $32,000. Advisory Services Network LLC raised its position in shares of Carlisle Companies by 148.2% in the first quarter. Advisory Services Network LLC now owns 283 shares of the conglomerate’s stock valued at $35,000 after buying an additional 169 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 88.26% of the company’s stock.
A number of equities analysts recently commented on CSL shares. Oppenheimer lifted their price target on Carlisle Companies from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Buckingham Research cut Carlisle Companies from a “buy” rating to a “neutral” rating and set a $148.00 price target for the company. in a report on Monday, July 8th. Finally, ValuEngine downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $142.13.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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