Carlisle Companies Incorporated (NYSE:CSL) Receives Average Rating of “Hold” from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has received a consensus rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $405.00.

A number of equities research analysts have commented on the company. Oppenheimer raised their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Raymond James Financial assumed coverage on Carlisle Companies in a research report on Monday. They set an “outperform” rating and a $425.00 price objective for the company. Robert W. Baird raised their price objective on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th.

Carlisle Companies Trading Down 3.0%

NYSE:CSL opened at $346.18 on Thursday. The company has a quick ratio of 2.49, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $435.92. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The stock has a fifty day simple moving average of $356.20 and a 200 day simple moving average of $345.49.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company posted $3.61 EPS. Carlisle Companies’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies will post 20.99 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

Insiders Place Their Bets

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 8,540 shares in the company, valued at approximately $3,564,254.40. This trade represents a 41.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total value of $9,866,407.20. Following the sale, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 68,289 shares of company stock valued at $28,125,467. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Carlisle Companies

Several large investors have recently made changes to their positions in the company. MML Investors Services LLC grew its stake in shares of Carlisle Companies by 1.1% in the 4th quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock valued at $799,000 after buying an additional 27 shares in the last quarter. Raiffeisen Bank International AG grew its stake in shares of Carlisle Companies by 12.8% in the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock valued at $80,000 after buying an additional 28 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Carlisle Companies by 1.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock valued at $716,000 after buying an additional 29 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Carlisle Companies by 4.9% in the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock valued at $223,000 after buying an additional 32 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of 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 buying an additional 33 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

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.