Shares of Carlisle Companies, Inc. (NYSE:CSL) have received an average rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $125.00.
A number of analysts recently issued reports on CSL shares. FBR & Co set a $125.00 target price on Carlisle Companies and gave the company a “buy” rating in a research report on Wednesday, October 25th. B. Riley set a $125.00 price objective on Carlisle Companies and gave the company a “buy” rating in a research note on Friday. SunTrust Banks upped their price objective on Carlisle Companies to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, October 25th.
Shares of Carlisle Companies (NYSE CSL) opened at $104.86 on Tuesday. The stock has a market capitalization of $6,500.00, a PE ratio of 18.36, a P/E/G ratio of 1.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43. Carlisle Companies has a 1 year low of $92.09 and a 1 year high of $119.21.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, February 16th. Carlisle Companies’s dividend payout ratio is presently 25.92%.
Carlisle Companies announced that its board has approved a stock buyback plan on Tuesday, February 6th that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors and hedge funds have recently bought and sold shares of CSL. Janus Henderson Group PLC raised its stake in Carlisle Companies by 32.3% during the 3rd quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock valued at $252,888,000 after acquiring an additional 615,655 shares during the last quarter. Fiduciary Management Inc. WI raised its stake in Carlisle Companies by 133.6% during the 3rd quarter. Fiduciary Management Inc. WI now owns 894,087 shares of the conglomerate’s stock valued at $89,668,000 after acquiring an additional 511,269 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Carlisle Companies by 16.4% during the 3rd quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock worth $149,484,000 after buying an additional 209,448 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Carlisle Companies during the 3rd quarter worth approximately $20,359,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Carlisle Companies by 180.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 157,466 shares of the conglomerate’s stock worth $17,896,000 after buying an additional 101,227 shares in the last quarter. 88.35% of the stock is owned by hedge funds and other institutional investors.
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Carlisle Companies Company Profile
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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