Carlisle Companies (NYSE:CSL) Given New $402.00 Price Target at Robert W. Baird

Carlisle Companies (NYSE:CSL) had its price objective cut by Robert W. Baird from $420.00 to $402.00 in a research report sent to investors on Wednesday morning, Marketbeat.com reports. They currently have an outperform rating on the conglomerate’s stock.

CSL has been the topic of a number of other reports. Oppenheimer boosted their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. JPMorgan Chase & Co. increased their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and a consensus price target of $396.17.

Carlisle Companies Trading Down 2.2%

NYSE CSL opened at $349.94 on Wednesday. The company’s fifty day simple moving average is $366.57 and its 200-day simple moving average is $343.47. Carlisle Companies has a 52 week low of $293.43 and a 52 week high of $435.92. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The stock has a market cap of $14.31 billion, a P/E ratio of 20.45, a PEG ratio of 1.15 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, topping 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 business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company posted $4.47 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts predict that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

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

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CEO D Christian Koch sold 36,260 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the sale, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction 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 sale, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 68,289 shares of company stock valued at $28,125,467 over the last three months. 1.30% 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 business. MML Investors Services LLC raised its stake in shares of Carlisle Companies by 1.1% during the 4th quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock worth $799,000 after purchasing an additional 27 shares in the last quarter. Raiffeisen Bank International AG raised its stake in shares of Carlisle Companies by 12.8% during the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock worth $80,000 after purchasing an additional 28 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Carlisle Companies by 4.9% during the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock worth $223,000 after purchasing an additional 32 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in Carlisle Companies by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after acquiring an additional 33 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in Carlisle Companies by 43.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after acquiring an additional 34 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

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.