Carlisle Companies Incorporated (NYSE:CSL) Short Interest Up 14.3% in May

Carlisle Companies Incorporated (NYSE:CSL) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 675,300 shares, a growth of 14.3% from the May 15th total of 590,700 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 311,400 shares, the short-interest ratio is presently 2.2 days.

Insider Activity

In other news, CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the transaction, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at approximately $645,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO D Christian Koch sold 54,927 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $36,399,039.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen Aldrich sold 1,095 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total value of $435,262.50. Following the sale, the chief accounting officer now directly owns 1,624 shares in the company, valued at approximately $645,540. The disclosure for this sale can be found here. Insiders have sold 58,059 shares of company stock valued at $24,334,065 in the last 90 days. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley grew its position in Carlisle Companies by 3.6% during the 3rd quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after acquiring an additional 90,597 shares during the last quarter. FMR LLC grew its position in shares of Carlisle Companies by 1.5% in the 3rd quarter. FMR LLC now owns 829,655 shares of the conglomerate’s stock worth $215,096,000 after buying an additional 12,552 shares during the last quarter. Norges Bank bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $159,187,000. Pacer Advisors Inc. grew its position in shares of Carlisle Companies by 5,351.1% in the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after buying an additional 413,691 shares during the last quarter. Finally, Madison Asset Management LLC lifted its stake in shares of Carlisle Companies by 2.9% in the 4th quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock valued at $125,449,000 after purchasing an additional 11,464 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $415.17 on Tuesday. 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 $19.76 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.36 and a beta of 0.91. The business’s 50-day moving average price is $401.95 and its 200-day moving average price is $357.62. Carlisle Companies has a 12 month low of $235.79 and a 12 month high of $430.21.

Carlisle Companies (NYSE:CSL) last announced 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. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million. Sell-side analysts forecast that Carlisle Companies will post 19.92 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a dividend of $0.85 per share. The ex-dividend date was Friday, May 17th. This represents a $3.40 annualized dividend and a yield of 0.82%. Carlisle Companies’s payout ratio is 19.71%.

Analyst Ratings Changes

Several analysts have weighed in on CSL shares. Robert W. Baird raised their price target on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Oppenheimer raised their price target on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. The Goldman Sachs Group started coverage on Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target on the stock. Finally, Loop Capital raised their price target on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $416.00.

Carlisle Companies Company Profile

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.