Carlisle Companies (NYSE:CSL) Hits New 1-Year High at $197.51

Carlisle Companies Incorporated (NYSE:CSL) shares hit a new 52-week high on Tuesday . The company traded as high as $197.51 and last traded at $197.31, with a volume of 11991 shares changing hands. The stock had previously closed at $191.33.

CSL has been the topic of a number of research reports. Northcoast Research upgraded Carlisle Companies from a “neutral” rating to a “buy” rating and set a $230.00 target price on the stock in a report on Wednesday, June 30th. BMO Capital Markets reiterated a “buy” rating on shares of Carlisle Companies in a report on Monday, June 28th. Longbow Research reissued a “neutral” rating on shares of Carlisle Companies in a research note on Monday, April 19th. Oppenheimer boosted their price target on Carlisle Companies from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, July 14th. Finally, Zacks Investment Research cut Carlisle Companies from a “hold” rating to a “sell” rating and set a $199.00 price target for the company. in a research note on Monday, June 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Carlisle Companies has an average rating of “Buy” and an average price target of $199.14.

The company has a market capitalization of $10.33 billion, a PE ratio of 34.78, a P/E/G ratio of 1.51 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.45 and a current ratio of 3.25. The business has a 50-day moving average of $190.66.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, April 21st. The conglomerate reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.78. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $970.33 million. Carlisle Companies had a return on equity of 14.26% and a net margin of 7.32%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. As a group, equities analysts predict that Carlisle Companies Incorporated will post 8.69 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, May 14th. This represents a $2.10 dividend on an annualized basis and a yield of 1.06%. Carlisle Companies’s payout ratio is currently 33.23%.

In other Carlisle Companies news, CFO Robert M. Roche sold 12,680 shares of the company’s stock in a transaction that occurred on Wednesday, May 26th. The stock was sold at an average price of $192.13, for a total transaction of $2,436,208.40. Following the completion of the sale, the chief financial officer now owns 25,487 shares of the company’s stock, valued at $4,896,817.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.68% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. New Mexico Educational Retirement Board boosted its position in shares of Carlisle Companies by 14.6% in the second quarter. New Mexico Educational Retirement Board now owns 11,000 shares of the conglomerate’s stock valued at $2,105,000 after acquiring an additional 1,400 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Carlisle Companies by 5.5% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 60,710 shares of the conglomerate’s stock valued at $11,619,000 after acquiring an additional 3,140 shares during the period. Principal Financial Group Inc. boosted its position in shares of Carlisle Companies by 17.9% in the first quarter. Principal Financial Group Inc. now owns 193,656 shares of the conglomerate’s stock valued at $31,872,000 after acquiring an additional 29,380 shares during the period. Millennium Management LLC boosted its position in shares of Carlisle Companies by 781.8% in the first quarter. Millennium Management LLC now owns 45,606 shares of the conglomerate’s stock valued at $7,506,000 after acquiring an additional 40,434 shares during the period. Finally, Voloridge Investment Management LLC boosted its position in shares of Carlisle Companies by 12.8% in the first quarter. Voloridge Investment Management LLC now owns 77,123 shares of the conglomerate’s stock valued at $12,693,000 after acquiring an additional 8,750 shares during the period. 91.45% of the stock is owned by institutional investors.

Carlisle Companies Company Profile (NYSE:CSL)

Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction.

Featured Story: 12b-1 Fees

Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.