Carlisle Companies (NYSE:CSL) Sets New 1-Year Low – Should You Sell?

Shares of Carlisle Companies Incorporated (NYSE:CSL) hit a new 52-week low on Friday . The company traded as low as $338.39 and last traded at $340.98, with a volume of 68865 shares changing hands. The stock had previously closed at $343.12.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CSL. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. The Goldman Sachs Group lowered their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Loop Capital cut their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Price Performance

The company has a market cap of $14.90 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average price of $375.76 and a two-hundred day moving average price of $413.07.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter in the prior year, the business posted $4.17 earnings per share. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is 14.48%.

Insiders Place Their Bets

In related news, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares of the company’s stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares of the company’s stock, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in CSL. Invesco Ltd. grew its holdings in Carlisle Companies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate’s stock worth $502,239,000 after acquiring an additional 29,799 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Carlisle Companies by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate’s stock valued at $440,476,000 after purchasing an additional 17,206 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Carlisle Companies by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate’s stock valued at $418,617,000 after purchasing an additional 34,021 shares in the last quarter. FMR LLC increased its holdings in shares of Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after purchasing an additional 218,002 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after purchasing an additional 102,436 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.