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.

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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.

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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