Carlisle Companies Incorporated (CSL) Given “Market Perform” Rating at CIBC
Carlisle Companies Incorporated (NYSE:CSL)‘s stock had its “market perform” rating reissued by equities researchers at CIBC in a research note issued on Wednesday.
A number of other research firms have also issued reports on CSL. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. BMO Capital Markets restated a “buy” rating and set a $130.00 price objective on shares of Carlisle Companies in a research report on Thursday, April 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Carlisle Companies in a research report on Tuesday, May 9th. Finally, BidaskClub lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Carlisle Companies has a consensus rating of “Hold” and an average price target of $118.60.
Shares of Carlisle Companies (CSL) traded down 3.20% during midday trading on Wednesday, hitting $96.09. The company had a trading volume of 773,659 shares. Carlisle Companies has a 12 month low of $95.74 and a 12 month high of $116.40. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 25.87 and a beta of 0.75. The stock’s 50-day moving average price is $101.74 and its 200-day moving average price is $106.53.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 27th. The conglomerate reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.04. Carlisle Companies had a return on equity of 15.44% and a net margin of 6.51%. The business had revenue of $857.30 million during the quarter, compared to analyst estimates of $832.50 million. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Carlisle Companies will post $5.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, May 10th. This represents a $1.40 dividend on an annualized basis and a yield of 1.41%. Carlisle Companies’s dividend payout ratio (DPR) is presently 37.84%.
In other Carlisle Companies news, insider John E. Berlin sold 19,860 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $104.55, for a total transaction of $2,076,363.00. Following the completion of the transaction, the insider now owns 56,262 shares in the company, valued at approximately $5,882,192.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.12% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CSL. Private Trust Co. NA acquired a new position in shares of Carlisle Companies during the first quarter worth about $468,000. Highbridge Capital Management LLC acquired a new position in shares of Carlisle Companies during the fourth quarter worth about $321,000. Sit Investment Associates Inc. raised its position in shares of Carlisle Companies by 51.3% in the first quarter. Sit Investment Associates Inc. now owns 24,850 shares of the conglomerate’s stock worth $2,644,000 after buying an additional 8,425 shares during the period. TFS Capital LLC acquired a new position in shares of Carlisle Companies during the first quarter worth about $459,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Carlisle Companies during the fourth quarter worth about $8,317,000. Institutional investors own 91.75% of the company’s stock.
About Carlisle Companies
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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