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

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

Analyst Upgrades and Downgrades

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

Carlisle Companies Stock Up 0.8 %

Shares of CSL traded up $3.39 during trading hours on Wednesday, hitting $408.85. The company had a trading volume of 258,510 shares, compared to its average volume of 317,139. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 1.36 and a beta of 0.90. The firm has a fifty day moving average price of $410.80 and a 200-day moving average price of $367.69. Carlisle Companies has a 52-week low of $235.79 and a 52-week high of $430.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $993.06 million. On average, equities research analysts forecast that Carlisle Companies will post 19.93 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Insider Activity

In other news, CAO Stephen Aldrich sold 1,095 shares of the firm’s stock in a transaction dated 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 directly owns 1,624 shares of the company’s stock, valued at $645,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Carlisle Companies news, CAO Stephen Aldrich sold 1,095 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $826,166.46. Following the sale, the vice president now 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 90 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 Investors Weigh In On Carlisle Companies

Institutional investors have recently modified their holdings of the business. LPL Financial LLC grew its holdings in shares of Carlisle Companies by 25.4% in the third quarter. LPL Financial LLC now owns 27,049 shares of the conglomerate’s stock worth $7,013,000 after acquiring an additional 5,483 shares during the period. Mariner LLC grew its position in shares of Carlisle Companies by 5.0% during the 3rd quarter. Mariner LLC now owns 2,878 shares of the conglomerate’s stock valued at $746,000 after acquiring an additional 138 shares during the period. Gotham Asset Management LLC increased its stake in shares of Carlisle Companies by 67.6% in the 3rd quarter. Gotham Asset Management LLC now owns 3,700 shares of the conglomerate’s stock worth $959,000 after purchasing an additional 1,492 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in Carlisle Companies by 4,974.6% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 85,000 shares of the conglomerate’s stock worth $22,037,000 after purchasing an additional 83,325 shares during the period. Finally, Lido Advisors LLC purchased a new position in Carlisle Companies during the third quarter valued at $2,127,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.