Carlisle Companies (NYSE:CSL) Reaches New 52-Week High After Strong Earnings

Carlisle Companies Incorporated (NYSE:CSL) shares reached a new 52-week high on Friday following a stronger than expected earnings report. The stock traded as high as $415.00 and last traded at $403.31, with a volume of 143432 shares traded. The stock had previously closed at $382.03.

The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 22.31%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CSL. Oppenheimer boosted their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Robert W. Baird raised their price target on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday. Loop Capital boosted their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group began coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $398.33.

Insider Transactions at Carlisle Companies

In related news, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Carlisle Companies news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction dated 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 owns 2,834 shares of the company’s stock, valued at $959,422.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at $30,114,169.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,255 shares of company stock valued at $5,231,360. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carlisle Companies

A number of institutional investors have recently made changes to their positions in CSL. Morgan Stanley raised its stake in shares of Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after acquiring an additional 90,597 shares during the last quarter. FMR LLC grew its position in shares of Carlisle Companies by 1.5% in the 3rd quarter. FMR LLC now owns 829,655 shares of the conglomerate’s stock worth $215,096,000 after buying an additional 12,552 shares during the last quarter. Norges Bank bought a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $159,187,000. Pacer Advisors Inc. lifted its stake in Carlisle Companies by 5,351.1% in the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after acquiring an additional 413,691 shares during the period. Finally, Madison Asset Management LLC boosted its holdings in Carlisle Companies by 2.9% in the fourth quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock valued at $125,449,000 after acquiring an additional 11,464 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 4.9 %

The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average is $371.87 and its two-hundred day moving average is $320.12. The firm has a market cap of $19.17 billion, a P/E ratio of 26.31, a PEG ratio of 1.34 and a beta of 0.93.

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.