Carlisle Companies (NYSE:CSL) Given “Outperform” Rating at Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Carlisle Companies (NYSE:CSL) in a research note published on Wednesday, Benzinga reports. The brokerage currently has a $480.00 target price on the conglomerate’s stock, up from their prior target price of $475.00.

A number of other research firms have also recently commented on CSL. StockNews.com cut Carlisle Companies from a buy rating to a hold rating in a research report on Tuesday, August 27th. Robert W. Baird lifted their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an outperform rating in a report on Monday, July 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies presently has an average rating of Moderate Buy and a consensus target price of $433.00.

Carlisle Companies Stock Down 0.3 %

Shares of NYSE CSL opened at $402.34 on Wednesday. The firm’s 50-day moving average is $410.23 and its two-hundred day moving average is $397.68. The company has a market capitalization of $18.60 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. Carlisle Companies has a 12-month low of $235.79 and a 12-month high of $443.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. Carlisle Companies’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.18 EPS. Equities analysts anticipate that Carlisle Companies will post 20.58 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a dividend yield of 0.99%. Carlisle Companies’s dividend payout ratio (DPR) is currently 23.19%.

Insider Buying and Selling

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the transaction, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David W. Smith sold 600 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Carlisle Companies in the second quarter worth $32,000. ORG Partners LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at $31,000. Gilliland Jeter Wealth Management LLC purchased a new position in Carlisle Companies in the second quarter valued at about $39,000. V Square Quantitative Management LLC acquired a new position in shares of Carlisle Companies during the fourth quarter worth about $31,000. Finally, Principal Securities Inc. purchased a new stake in shares of Carlisle Companies in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.