Carlisle Companies Incorporated (NYSE:CSL) Sees Significant Growth in Short Interest

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,710,000 shares, an increase of 21.5% from the April 30th total of 2,230,000 shares. Based on an average trading volume of 466,500 shares, the short-interest ratio is presently 5.8 days. Approximately 6.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CSL shares. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Robert W. Baird lifted their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Truist Financial dropped their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $454.00.

Carlisle Companies Stock Down 0.1%

Carlisle Companies stock traded down $0.41 during trading on Friday, reaching $378.27. 315,833 shares of the company's stock were exchanged, compared to its average volume of 394,831. The company's 50-day moving average is $371.53 and its two-hundred day moving average is $375.29. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.03 and a beta of 1.06. Carlisle Companies has a 52-week low of $311.41 and a 52-week high of $481.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $3.72 EPS. The business's revenue was down .1% on a year-over-year basis. On average, analysts predict that Carlisle Companies will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $1.00 dividend. The ex-dividend date was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.06%. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. boosted its position in Carlisle Companies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock valued at $502,239,000 after purchasing an additional 29,799 shares during the period. Franklin Resources Inc. lifted its holdings in Carlisle Companies by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock valued at $440,476,000 after acquiring an additional 17,206 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Carlisle Companies by 4.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock worth $394,244,000 after buying an additional 49,102 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Carlisle Companies by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock worth $418,617,000 after purchasing an additional 34,021 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Carlisle Companies by 692.1% during the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after buying an additional 538,990 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.