Carlisle Companies Incorporated (NYSE:CSL) Receives Consensus Rating of “Hold” from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has received an average rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $399.1667.

Several research firms have commented on CSL. JPMorgan Chase & Co. lifted their price target on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Oppenheimer raised their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th.

Insider Buying and Selling

In other news, CEO D Christian Koch sold 36,260 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the transaction, the chief executive officer owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. The trade was a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Schwar sold 6,049 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total value of $2,524,610.64. Following the sale, the insider owned 8,540 shares of the company’s stock, valued at $3,564,254.40. This trade represents a 41.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 68,289 shares of company stock valued at $28,125,467 over the last 90 days. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of CSL. MML Investors Services LLC lifted its stake in shares of Carlisle Companies by 1.1% in the 4th quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock worth $799,000 after acquiring an additional 27 shares during the period. Raiffeisen Bank International AG increased its stake in shares of Carlisle Companies by 12.8% during the fourth quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock worth $80,000 after acquiring an additional 28 shares during the period. Blue Trust Inc. increased its stake in shares of Carlisle Companies by 4.9% during the third quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock worth $223,000 after acquiring an additional 32 shares during the period. MAI Capital Management raised its holdings in Carlisle Companies by 26.6% during the second quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock worth $59,000 after purchasing an additional 33 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in Carlisle Companies by 0.6% during the third quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock worth $1,849,000 after purchasing an additional 33 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 2.4%

Shares of Carlisle Companies stock opened at $325.68 on Friday. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The company has a fifty day simple moving average of $369.95 and a 200-day simple moving average of $343.93. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.04 and a beta of 0.91. Carlisle Companies has a 12-month low of $293.43 and a 12-month high of $435.92.

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

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.4%. Carlisle Companies’s dividend payout ratio is currently 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.