Buckingham Research Begins Coverage on Carlisle Companies Incorporated (CSL)
Buckingham Research started coverage on shares of Carlisle Companies Incorporated (NYSE:CSL) in a research report report published on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $115.00 price objective on the conglomerate’s stock.
Several other equities research analysts have also recently commented on the stock. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Carlisle Companies in a research report on Sunday, August 27th. BidaskClub cut shares of Carlisle Companies from a hold rating to a sell rating in a report on Saturday, August 5th. FBR & Co reaffirmed an outperform rating and issued a $125.00 target price on shares of Carlisle Companies in a report on Tuesday, July 11th. Robert W. Baird reaffirmed an outperform rating on shares of Carlisle Companies in a report on Monday, July 10th. Finally, Zacks Investment Research cut shares of Carlisle Companies from a hold rating to a sell rating in a report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Carlisle Companies has an average rating of Hold and a consensus target price of $121.00.
Carlisle Companies (CSL) opened at 95.96 on Tuesday. Carlisle Companies has a 12-month low of $92.09 and a 12-month high of $116.40. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 27.12 and a beta of 0.77. The company has a 50-day moving average of $96.03 and a 200 day moving average of $100.52.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. Carlisle Companies’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $1.75 EPS. Equities analysts expect that Carlisle Companies will post $5.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a $0.37 dividend. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Wednesday, August 16th. Carlisle Companies’s dividend payout ratio is presently 41.93%.
In other news, insider John E. Berlin sold 6,250 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total value of $589,437.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.12% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Carlisle Companies by 2,245.8% during the first quarter. BlackRock Inc. now owns 5,977,338 shares of the conglomerate’s stock valued at $636,048,000 after purchasing an additional 5,722,532 shares in the last quarter. Vanguard Group Inc. increased its position in Carlisle Companies by 0.6% during the second quarter. Vanguard Group Inc. now owns 5,928,831 shares of the conglomerate’s stock valued at $565,611,000 after acquiring an additional 35,069 shares during the last quarter. Atlanta Capital Management Co. L L C increased its position in Carlisle Companies by 12.3% during the second quarter. Atlanta Capital Management Co. L L C now owns 2,931,083 shares of the conglomerate’s stock valued at $279,625,000 after acquiring an additional 320,305 shares during the last quarter. State Street Corp increased its position in Carlisle Companies by 1.5% during the second quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock valued at $246,131,000 after acquiring an additional 38,112 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in Carlisle Companies during the second quarter valued at $181,824,000. 88.65% of the stock is currently owned by institutional investors.
About Carlisle Companies
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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