D Christian Koch Sells 6,454 Shares of Carlisle Companies Incorporated (NYSE:CSL) Stock

Carlisle Companies Incorporated (NYSE:CSLGet Free Report) CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the sale, the chief executive officer now owns 86,652 shares in the company, valued at approximately $30,114,169.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Carlisle Companies Stock Up 0.2 %

CSL opened at $347.47 on Thursday. Carlisle Companies Incorporated has a 12 month low of $203.65 and a 12 month high of $350.99. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 3.73. The stock has a market cap of $16.98 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.26 and a beta of 0.92. The stock’s 50 day moving average price is $317.95 and its 200 day moving average price is $285.27.

Carlisle Companies (NYSE:CSLGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted $3.92 EPS. As a group, research analysts predict that Carlisle Companies Incorporated will post 18.03 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 16th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, February 15th. Carlisle Companies’s payout ratio is currently 22.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSL. Robert W. Baird increased their price target on Carlisle Companies from $350.00 to $354.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. StockNews.com upgraded 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 assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $310.67.

Read Our Latest Analysis on Carlisle Companies

Hedge Funds Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Carlisle Companies during the 4th quarter worth $31,000. Principal Securities Inc. bought a new stake in shares of Carlisle Companies during the 4th quarter worth $32,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Carlisle Companies during the 4th quarter worth $29,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Carlisle Companies during the 4th quarter worth $40,000. 90.70% of the stock is owned by institutional investors.

Carlisle Companies Company Profile

(Get Free Report)

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

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