Carlisle Companies Incorporated (NYSE:CSL) Given Consensus Rating of “Hold” by Analysts

Carlisle Companies Incorporated (NYSE:CSL) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $399.1667.

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Oppenheimer boosted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 1,800 shares of Carlisle Companies stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total transaction of $745,290.00. Following the completion of the transaction, the vice president owned 3,697 shares of the company’s stock, valued at $1,530,742.85. The trade was a 32.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO D Christian Koch sold 36,260 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the completion of the sale, the chief executive officer owned 113,238 shares in the company, valued at $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,289 shares of company stock valued at $28,125,467 in the last three months. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carlisle Companies

Several hedge funds have recently added to or reduced their stakes in CSL. Bank of New York Mellon Corp raised its position in Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after acquiring an additional 558,710 shares during the last quarter. Barclays PLC grew its position in shares of Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after purchasing an additional 451,662 shares during the last quarter. First Manhattan CO. LLC. acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $140,256,000. Sands Capital Management LLC purchased a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $159,203,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Carlisle Companies by 10,568.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock worth $124,489,000 after purchasing an additional 385,550 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $325.68 on Friday. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The stock has a 50 day simple moving average of $369.95 and a 200-day simple moving average of $343.93. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.04 and a beta of 0.91. Carlisle Companies has a 12-month low of $293.43 and a 12-month high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company posted $4.47 earnings per share. Carlisle Companies’s quarterly revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.4%. Carlisle Companies’s payout ratio is currently 25.72%.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.