Kevin Zdimal Sells 24,180 Shares of Carlisle Companies (NYSE:CSL) Stock

Carlisle Companies Incorporated (NYSE:CSL) CFO Kevin Zdimal sold 24,180 shares of Carlisle Companies stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the transaction, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at $12,279,555.76. The trade was a 44.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Carlisle Companies Price Performance

Shares of NYSE CSL traded down $1.05 during mid-day trading on Wednesday, hitting $415.39. 168,553 shares of the company’s stock traded hands, compared to its average volume of 492,879. 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 Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company’s 50-day moving average is $344.97 and its two-hundred day moving average is $346.32. The company has a market capitalization of $17.36 billion, a P/E ratio of 24.23, a PEG ratio of 1.27 and a beta of 0.94.

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

Carlisle Companies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend 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 currently 25.72%.

Institutional Investors Weigh In On Carlisle Companies

Several large investors have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC boosted its stake in shares of Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 32 shares in the last quarter. Blue Trust Inc. raised its holdings in Carlisle Companies by 4.9% in the third quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock worth $223,000 after purchasing an additional 32 shares in the last quarter. DNB Asset Management AS lifted its position in shares of Carlisle Companies by 0.3% during the second quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock valued at $4,576,000 after buying an additional 33 shares during the last quarter. MAI Capital Management boosted its holdings in shares of Carlisle Companies by 26.6% in the 2nd quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock valued at $59,000 after buying an additional 33 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Carlisle Companies by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after buying an additional 33 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

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

About Carlisle Companies

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.