Carlisle Companies Incorporated (NYSE:CSL) Given Average Rating of “Moderate Buy” by Analysts

Carlisle Companies Incorporated (NYSE:CSL) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $390.33.

A number of research analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Loop Capital lifted their price target on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Oppenheimer boosted their price target on Carlisle Companies from $405.00 to $412.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, The Goldman Sachs Group initiated coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price on the stock.

Carlisle Companies Stock Up 1.8 %

Shares of NYSE CSL opened at $381.99 on Friday. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $18.26 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93. Carlisle Companies has a 12-month low of $205.10 and a 12-month high of $403.44. The stock’s fifty day simple moving average is $370.69 and its two-hundred day simple moving average is $319.17.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.70. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.92 earnings per share. As a group, analysts expect that Carlisle Companies will post 18.72 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Thursday, February 15th. Carlisle Companies’s payout ratio is presently 22.31%.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 700 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $959,422.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at $30,114,169.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David W. Smith sold 700 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $959,422.36. The disclosure for this sale can be found here. Insiders have sold 15,255 shares of company stock valued at $5,231,360 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Carlisle Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Commerce Bank grew its stake in Carlisle Companies by 1.4% during the 4th quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock valued at $768,000 after acquiring an additional 34 shares in the last quarter. Astoria Portfolio Advisors LLC. grew its holdings in shares of Carlisle Companies by 5.0% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock worth $265,000 after purchasing an additional 34 shares during the period. Allworth Financial LP raised its holdings in Carlisle Companies by 88.9% in the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after buying an additional 40 shares during the period. Coldstream Capital Management Inc. lifted its position in Carlisle Companies by 2.1% in the third quarter. Coldstream Capital Management Inc. now owns 1,958 shares of the conglomerate’s stock valued at $508,000 after buying an additional 41 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in Carlisle Companies by 5.5% in the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.