Carlisle Companies Incorporated (CSL) Given Average Recommendation of “Hold” by Brokerages
Shares of Carlisle Companies Incorporated (NYSE:CSL) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $123.33.
A number of research firms recently issued reports on CSL. CIBC restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. Buckingham Research began coverage on shares of Carlisle Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $115.00 target price for the company. FBR & Co restated an “outperform” rating and set a $125.00 target price on shares of Carlisle Companies in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th.
Shares of Carlisle Companies (NYSE:CSL) opened at 96.77 on Friday. The stock has a 50 day moving average price of $95.59 and a 200 day moving average price of $100.18. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 27.35 and a beta of 0.77. Carlisle Companies has a 1-year low of $92.09 and a 1-year high of $116.40.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.03). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.75 earnings per share. Equities research analysts anticipate that Carlisle Companies will post $5.20 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a $0.37 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.35. Carlisle Companies’s dividend payout ratio is 41.93%.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total value of $589,437.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.12% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Colonial Trust Advisors raised its position in shares of Carlisle Companies by 38.1% in the first quarter. Colonial Trust Advisors now owns 10,271 shares of the conglomerate’s stock worth $1,056,000 after acquiring an additional 2,835 shares during the period. SG Americas Securities LLC raised its position in shares of Carlisle Companies by 15.9% in the second quarter. SG Americas Securities LLC now owns 16,285 shares of the conglomerate’s stock worth $1,554,000 after acquiring an additional 2,234 shares during the period. Impala Asset Management LLC acquired a new position in shares of Carlisle Companies in the first quarter worth about $19,614,000. Canada Pension Plan Investment Board raised its position in shares of Carlisle Companies by 81.5% in the first quarter. Canada Pension Plan Investment Board now owns 4,900 shares of the conglomerate’s stock worth $521,000 after acquiring an additional 2,200 shares during the period. Finally, Perigon Wealth Management LLC raised its position in shares of Carlisle Companies by 19.6% in the first quarter. Perigon Wealth Management LLC now owns 6,165 shares of the conglomerate’s stock worth $656,000 after acquiring an additional 1,011 shares during the period. Institutional investors and hedge funds own 88.65% 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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