Stephen Aldrich Sells 1,095 Shares of Carlisle Companies Incorporated (NYSE:CSL) Stock

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) CAO Stephen Aldrich sold 1,095 shares of the firm's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the transaction, the chief accounting officer now directly owns 1,624 shares in the company, valued at $645,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded up $7.37 during midday trading on Monday, hitting $405.84. The company's stock had a trading volume of 313,929 shares, compared to its average volume of 286,683. The stock has a fifty day moving average price of $376.23 and a 200 day moving average price of $325.57. Carlisle Companies Incorporated has a one year low of $205.10 and a one year high of $415.00. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $19.43 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.36 and a beta of 0.90.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, beating the consensus estimate of $2.74 by $0.98. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. On average, research analysts forecast that Carlisle Companies Incorporated will post 19.51 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a dividend of $0.85 per share. The ex-dividend date is Friday, May 17th. This represents a $3.40 annualized dividend and a yield of 0.84%. Carlisle Companies's dividend payout ratio is currently 19.71%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CSL. Oppenheimer raised their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Robert W. Baird lifted their price objective on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Loop Capital lifted their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They issued a "buy" rating and a $455.00 price objective on the stock. Finally, StockNews.com raised shares of Carlisle Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $416.00.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP grew its stake in Carlisle Companies by 88.9% in the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate's stock worth $27,000 after buying an additional 40 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Carlisle Companies in the 4th quarter worth approximately $31,000. Principal Securities Inc. purchased a new position in Carlisle Companies in the 4th quarter worth approximately $32,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $40,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Carlisle Companies by 38.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate's stock worth $43,000 after acquiring an additional 3,815 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

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.