Carlisle Cos. Inc. (CSL) Rating Lowered to Neutral at Longbow Research
Carlisle Cos. Inc. (NYSE:CSL) was downgraded by Longbow Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. The analysts noted that the move was a valuation call.
Separately, Zacks Investment Research lowered Carlisle Cos. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $113.57.
Shares of Carlisle Cos. (NYSE:CSL) opened at 114.37 on Tuesday. The stock has a market capitalization of $7.38 billion, a P/E ratio of 29.35 and a beta of 0.77. Carlisle Cos. has a 12-month low of $75.17 and a 12-month high of $116.02. The stock has a 50 day moving average price of $107.68 and a 200 day moving average price of $104.62.
Carlisle Cos. (NYSE:CSL) last released its quarterly earnings data on Tuesday, October 25th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.69 by $0.05. Carlisle Cos. had a return on equity of 15.66% and a net margin of 6.99%. The company had revenue of $991 million for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company posted $1.56 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Cos. will post $5.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.40 dividend on an annualized basis and a yield of 1.23%. Carlisle Cos.’s dividend payout ratio (DPR) is 35.99%.
ILLEGAL ACTIVITY NOTICE: “Carlisle Cos. Inc. (CSL) Rating Lowered to Neutral at Longbow Research” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/29/carlisle-cos-inc-csl-rating-lowered-to-neutral-at-longbow-research.html.
In related news, insider John W. Altmeyer sold 51,505 shares of Carlisle Cos. stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $111.24, for a total value of $5,729,416.20. Following the completion of the transaction, the insider now directly owns 210,565 shares in the company, valued at $23,423,250.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.71% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC increased 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 worth $103,000 after buying an additional 17 shares during the period. NEXT Financial Group Inc increased its position in shares of Carlisle Cos. by 47.9% in the second quarter. NEXT Financial Group Inc now owns 1,158 shares of the company’s stock worth $122,000 after buying an additional 375 shares during the last quarter. Washington Trust Bank increased its position in shares of Carlisle Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,207 shares of the company’s stock worth $124,000 after buying an additional 7 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Carlisle Cos. during the second quarter worth approximately $141,000. Finally, Cornerstone Advisors Inc. bought a new position in shares of Carlisle Cos. during the third quarter worth approximately $156,000. Institutional investors and hedge funds own 87.56% of the company’s stock.
About Carlisle Cos.
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).
Receive News & Stock Ratings for Carlisle Cos. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Cos. Inc. and related stocks with our FREE daily email newsletter.