Carlisle Cos. Inc. (CSL) Receives $113.50 Consensus PT from Analysts
Carlisle Cos. Inc. (NYSE:CSL) has received a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $113.50.
Separately, Zacks Investment Research lowered shares of Carlisle Cos. from a “buy” rating to a “hold” rating in a report on Friday, August 5th.
Carlisle Cos. (NYSE:CSL) opened at 113.56 on Friday. The firm’s 50 day moving average is $105.25 and its 200-day moving average is $103.92. The company has a market cap of $7.33 billion, a P/E ratio of 29.14 and a beta of 0.77. Carlisle Cos. has a 52 week low of $75.17 and a 52 week high of $114.49.
Carlisle Cos. (NYSE:CSL) last released its quarterly earnings data on Tuesday, October 25th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.05. The company earned $991 million during the quarter, compared to analysts’ expectations of $1.03 billion. Carlisle Cos. had a net margin of 6.99% and a return on equity of 15.66%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.56 EPS. On average, analysts predict that Carlisle Cos. will post $5.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.40 annualized dividend and a dividend yield of 1.23%. Carlisle Cos.’s dividend payout ratio (DPR) is presently 35.99%.
In related news, insider John W. Altmeyer sold 51,505 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $111.24, for a total transaction of $5,729,416.20. Following the completion of the transaction, the insider now owns 210,565 shares in the company, valued at approximately $23,423,250.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.71% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Washington Trust Bank raised its position in Carlisle Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,207 shares of the company’s stock valued at $124,000 after buying an additional 7 shares during the period. Quadrant Capital Group LLC raised its position in Carlisle Cos. by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 984 shares of the company’s stock valued at $103,000 after buying an additional 17 shares during the period. Cetera Advisors LLC raised its position in Carlisle Cos. by 0.3% in the third quarter. Cetera Advisors LLC now owns 5,280 shares of the company’s stock valued at $542,000 after buying an additional 17 shares during the period. Advisor Group Inc. raised its position in Carlisle Cos. by 0.7% in the third quarter. Advisor Group Inc. now owns 3,372 shares of the company’s stock valued at $345,000 after buying an additional 22 shares during the period. Finally, Appleton Partners Inc. MA raised its position in Carlisle Cos. by 0.7% in the third quarter. Appleton Partners Inc. MA now owns 4,933 shares of the company’s stock valued at $506,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 87.20% of the company’s stock.
Carlisle Cos. Company Profile
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).
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