Scottsdale, AZ - In a recent transaction, Stephen Aldrich, the Vice President and Chief Accounting Officer of Carlisle Companies Inc . (NYSE:CSL (OTC:CSLLY)), sold 1,095 shares of the company's common stock. The sale, which took place on May 3, 2024, was executed at an average price of $397.50 per share, resulting in a total value of approximately $435,262.
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. According to the filing, following the sale, Aldrich still owns 1,624 shares of Carlisle Companies Inc., indicating his continued investment in the company.
On the same day, Aldrich also acquired 1,095 shares of the company's stock at a price of $110.79 per share, amounting to a total of $121,315. This acquisition was related to the exercise of employee stock options that vested in three equal annual installments beginning February 5, 2020, as noted in the footnotes of the SEC filing.
Carlisle Companies Inc., headquartered in Scottsdale, Arizona, operates in the fabricated rubber products sector. The company's business address and mailing address are both located at 16430 N. Scottsdale Rd., Suite 400, Scottsdale, AZ 85254.
The disclosed transactions provide insight into executive movements within Carlisle Companies and reflect the ongoing financial activities of its corporate officers. Investors often monitor such filings to gain a better understanding of how insiders are interacting with their company's stock.
InvestingPro Insights
Amidst the recent insider transactions at Carlisle Companies Inc. (NYSE:CSL), investors may find additional context in the company's current financial health and market performance through InvestingPro metrics. Carlisle's market capitalization stands robust at $19.18 billion, signaling a significant presence in the fabricated rubber products sector. The company's Price-to-Earnings (P/E) ratio, a measure of its current share price relative to its per-share earnings, is 23.14, which may suggest investor confidence in its future growth potential.
InvestingPro Tips highlight several aspects of Carlisle's strategic financial management and market position. Notably, Carlisle boasts a perfect Piotroski Score of 9, indicating strong financial health and profitability. Management's aggressive share buyback program and a consistent dividend payout, increasing for 31 consecutive years, reflect a commitment to shareholder value. Additionally, the company has maintained dividend payments for an impressive 54 consecutive years, underscoring its financial stability and reliability as an income-generating investment.
Investors considering Carlisle Companies Inc. as part of their portfolio may also take note of the additional 17 InvestingPro Tips available, which provide deeper insights into the company's performance and market outlook. For those seeking to leverage these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.