Carlisle Companies, Inc. (NYSE:CSL) – Stock analysts at Oppenheimer issued their Q3 2018 EPS estimates for Carlisle Companies in a research report issued on Friday. Oppenheimer analyst J. Giannakouros expects that the conglomerate will earn $1.72 per share for the quarter. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Carlisle Companies’ Q4 2018 earnings at $1.44 EPS and FY2019 earnings at $7.00 EPS.
Several other research analysts have also recently issued reports on CSL. FBR & Co set a $125.00 price objective on Carlisle Companies and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Robert W. Baird upped their target price on Carlisle Companies from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. SunTrust Banks upped their target price on Carlisle Companies to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, B. Riley reissued a “buy” rating on shares of Carlisle Companies in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $124.63.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1 billion. Carlisle Companies had a return on equity of 13.60% and a net margin of 8.94%. Carlisle Companies’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 earnings per share.
A number of institutional investors have recently bought and sold shares of CSL. FMR LLC grew its holdings in Carlisle Companies by 17.4% in the second quarter. FMR LLC now owns 503,769 shares of the conglomerate’s stock valued at $48,060,000 after purchasing an additional 74,766 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Carlisle Companies by 12.4% during the second quarter. Royal Bank of Canada now owns 128,740 shares of the conglomerate’s stock valued at $12,283,000 after acquiring an additional 14,228 shares during the last quarter. State Street Corp boosted its stake in shares of Carlisle Companies by 1.5% during the second quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock valued at $246,131,000 after acquiring an additional 38,112 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Carlisle Companies during the second quarter valued at $1,015,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Carlisle Companies by 3.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after acquiring an additional 75 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, February 16th. Carlisle Companies’s dividend payout ratio (DPR) is 25.92%.
Carlisle Companies announced that its board has approved a share repurchase plan on Tuesday, February 6th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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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