Carlisle Companies Incorporated (NYSE:CSL) Receives $395.83 Consensus Price Target from Brokerages

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $395.8333.

A number of research firms have weighed in on CSL. William Blair assumed coverage on Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating for the company. Oppenheimer lifted their price target on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Finally, Robert W. Baird set a $420.00 price objective on Carlisle Companies in a research report on Wednesday, February 4th.

Carlisle Companies Trading Down 5.3%

NYSE:CSL opened at $354.90 on Wednesday. Carlisle Companies has a one year low of $293.43 and a one year high of $435.92. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. The firm has a market cap of $14.51 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.20 and a beta of 0.91. The firm has a 50-day simple moving average of $370.23 and a 200-day simple moving average of $349.21.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $4.47 earnings per share. Equities analysts anticipate that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is presently 25.72%.

Insider Activity

In related news, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the transaction, the chief financial officer owned 30,094 shares in the company, valued at $12,279,555.76. The trade was a 44.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the sale, the insider directly owned 8,540 shares of the company’s stock, valued at $3,564,254.40. The trade was a 41.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,289 shares of company stock valued at $28,125,467 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carlisle Companies

Several institutional investors and hedge funds have recently bought and sold shares of CSL. State Street Corp increased its position in Carlisle Companies by 6.9% during the 4th quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock valued at $668,616,000 after buying an additional 134,241 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Carlisle Companies by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after acquiring an additional 358,241 shares in the last quarter. Invesco Ltd. boosted its holdings in Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after acquiring an additional 27,049 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after acquiring an additional 558,710 shares during the last quarter. Finally, Sands Capital Management LLC increased its holdings in shares of Carlisle Companies by 13.9% during the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock valued at $309,509,000 after acquiring an additional 118,139 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.