Carlisle Companies (NYSE:CSL) issued its earnings results on Thursday. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.28, Bloomberg Earnings reports. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Carlisle Companies had a net margin of 13.59% and a return on equity of 14.00%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $1.73 EPS.

CSL opened at $119.31 on Friday. The company has a quick ratio of 2.55, a current ratio of 3.27 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.07 and a beta of 0.99. Carlisle Companies has a 12-month low of $92.16 and a 12-month high of $129.47.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Wednesday, February 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Tuesday, February 19th. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.72%.

Carlisle Companies announced that its Board of Directors has approved a share repurchase program on Tuesday, February 5th that allows the company to repurchase 0 shares. This repurchase authorization allows the conglomerate to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Several research analysts recently commented on the stock. B. Riley set a $130.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a report on Thursday, October 25th. CIBC upgraded shares of Carlisle Companies from a “market perform” rating to an “outperform” rating in a report on Monday, December 17th. Oppenheimer upgraded shares of Carlisle Companies to a “buy” rating and set a $125.00 target price on the stock in a research report on Wednesday, January 16th. Zacks Investment Research lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. Finally, BMO Capital Markets reduced their target price on shares of Carlisle Companies from $125.00 to $115.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 31st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Carlisle Companies has a consensus rating of “Buy” and an average price target of $125.00.

Several large investors have recently modified their holdings of CSL. Ffcm LLC increased its holdings in Carlisle Companies by 262.3% in the 4th quarter. Ffcm LLC now owns 1,395 shares of the conglomerate’s stock worth $140,000 after buying an additional 1,010 shares in the last quarter. Centerstone Investors LLC purchased a new position in Carlisle Companies in the fourth quarter worth about $3,810,000. BlackRock Inc. boosted its position in Carlisle Companies by 2.5% in the fourth quarter. BlackRock Inc. now owns 5,199,432 shares of the conglomerate’s stock worth $522,647,000 after purchasing an additional 125,249 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Carlisle Companies by 5.8% during the 4th quarter. Pzena Investment Management LLC now owns 618,384 shares of the conglomerate’s stock valued at $62,160,000 after buying an additional 34,083 shares in the last quarter. Finally, Utah Retirement Systems lifted its position in shares of Carlisle Companies by 0.9% during the 4th quarter. Utah Retirement Systems now owns 10,930 shares of the conglomerate’s stock valued at $1,098,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 87.09% of the company’s stock.

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Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

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Earnings History for Carlisle Companies (NYSE:CSL)

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