Carlisle Companies Incorporated (NYSE:CSL) Receives Average Rating of “Hold” from Brokerages

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $395.8333.

A number of brokerages have commented on CSL. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. William Blair began coverage on shares of Carlisle Companies in a research report on Friday, January 30th. They issued a “market perform” rating for the company. Oppenheimer raised their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research note on Wednesday, February 4th.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the sale, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin P. Zdimal sold 24,180 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the transaction, the chief financial officer owned 30,094 shares in the company, valued at approximately $12,279,555.76. This trade represents a 44.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 68,289 shares of company stock valued at $28,125,467 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CSL. Bank of New York Mellon Corp boosted its holdings in Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after acquiring an additional 558,710 shares during the period. Barclays PLC lifted its position in shares of Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after purchasing an additional 451,662 shares during the last quarter. First Manhattan CO. LLC. bought a new stake in Carlisle Companies during the 4th quarter valued at approximately $140,256,000. Sands Capital Management LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at approximately $159,203,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Carlisle Companies by 10,568.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock valued at $124,489,000 after buying an additional 385,550 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Down 1.2%

Carlisle Companies stock opened at $388.92 on Wednesday. Carlisle Companies has a 52 week low of $293.43 and a 52 week high of $435.92. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 1.26 and a beta of 0.91. The company has a 50 day moving average price of $367.76 and a 200 day moving average price of $348.91.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $4.47 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts forecast that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is presently 25.72%.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.