Carlisle Companies (NYSE:CSL) Reaches New 1-Year High Following Earnings Beat

Carlisle Companies Incorporated (NYSE:CSL) shares reached a new 52-week high on Friday following a better than expected earnings announcement. The stock traded as high as $415.00 and last traded at $403.31, with a volume of 143432 shares trading hands. The stock had previously closed at $382.03.

The conglomerate reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $993.06 million.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a $0.85 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.40 annualized dividend and a yield of 0.85%. Carlisle Companies’s dividend payout ratio is presently 22.31%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSL shares. Robert W. Baird boosted their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday. Oppenheimer increased their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Loop Capital raised their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group initiated coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target on the stock. One 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $398.33.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the sale, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David W. Smith sold 700 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $959,422.36. The disclosure for this sale can be found here. Insiders sold 15,255 shares of company stock valued at $5,231,360 over the last three months. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carlisle Companies

Hedge funds have recently modified their holdings of the stock. YHB Investment Advisors Inc. lifted its position in Carlisle Companies by 1.9% in the first quarter. YHB Investment Advisors Inc. now owns 18,292 shares of the conglomerate’s stock valued at $7,168,000 after purchasing an additional 342 shares during the period. Mitchell & Pahl Private Wealth LLC acquired a new stake in shares of Carlisle Companies in the 1st quarter valued at approximately $217,000. Pioneer Trust Bank N A OR purchased a new stake in shares of Carlisle Companies in the first quarter valued at approximately $235,000. Cambridge Investment Research Advisors Inc. grew its holdings in Carlisle Companies by 3.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,161 shares of the conglomerate’s stock worth $5,157,000 after acquiring an additional 463 shares during the period. Finally, Spire Wealth Management grew its holdings in Carlisle Companies by 38.4% during the first quarter. Spire Wealth Management now owns 1,215 shares of the conglomerate’s stock worth $476,000 after acquiring an additional 337 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

The stock has a market cap of $19.17 billion, a PE ratio of 26.31, a PEG ratio of 1.34 and a beta of 0.93. The company has a 50-day simple moving average of $371.87 and a 200-day simple moving average of $320.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57.

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.