Short Interest in Carlisle Companies Incorporated (NYSE:CSL) Increases By 10.1%

Carlisle Companies Incorporated (NYSE:CSL) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 743,400 shares, an increase of 10.1% from the May 31st total of 675,300 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average trading volume of 342,900 shares, the short-interest ratio is currently 2.2 days.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $409.26 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95. The firm has a market cap of $19.48 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 1.36 and a beta of 0.90. The business’s 50-day simple moving average is $411.48 and its 200-day simple moving average is $367.98. Carlisle Companies has a 52 week low of $235.79 and a 52 week high of $430.21.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. As a group, equities research analysts expect that Carlisle Companies will post 19.93 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, May 17th. Carlisle Companies’s dividend payout ratio (DPR) is currently 19.71%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, 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 completion of the sale, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at approximately $645,540. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, 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 completion of the sale, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at approximately $645,540. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David W. Smith sold 2,037 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $405.58, for a total value of $826,166.46. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,149,413.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,059 shares of company stock valued at $24,334,065. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSL. Birch Hill Investment Advisors LLC lifted its position in shares of Carlisle Companies by 50.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock worth $4,491,000 after acquiring an additional 4,820 shares during the period. Mawer Investment Management Ltd. bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $3,174,000. Exchange Traded Concepts LLC bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $1,093,000. Pacer Advisors Inc. lifted 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 acquiring an additional 413,691 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Carlisle Companies by 1,074.0% in the 4th quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after acquiring an additional 139,054 shares during the period. Institutional investors and hedge funds 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.