Analysts Set Carlisle Companies Incorporated (NYSE:CSL) Price Target at $399.17

Shares of Carlisle Companies Incorporated (NYSE:CSL) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $399.1667.

A number of analysts have issued reports on the company. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Oppenheimer upped their price target on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Robert W. Baird set a $420.00 price target on Carlisle Companies in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Finally, William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th.

Carlisle Companies Stock Up 0.0%

Shares of NYSE:CSL opened at $331.16 on Friday. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.06 and a beta of 0.95. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. Carlisle Companies has a 12-month low of $293.43 and a 12-month high of $435.92. The business’s 50 day moving average is $367.49 and its 200 day moving average is $342.72.

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

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is 25.72%.

Insider Activity

In other news, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was 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 of the company’s stock, valued at approximately $12,279,555.76. The trade was a 44.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Schwar sold 6,049 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the transaction, the insider owned 8,540 shares in the company, valued at approximately $3,564,254.40. This trade represents a 41.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 68,289 shares of company stock valued at $28,125,467. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

A number of large investors have recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Carlisle Companies during the 2nd quarter worth approximately $25,000. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies in the 4th quarter worth approximately $27,000. Osterweis Capital Management Inc. purchased a new position in Carlisle Companies in the 2nd quarter worth approximately $36,000. Finally, Torren Management LLC bought a new stake in Carlisle Companies in the fourth quarter valued at approximately $33,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Company Profile

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.