Shares of Carlisle Companies, Inc. (NYSE:CSL) have been given a consensus rating of “Buy” by the ten analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $131.50.
A number of brokerages have recently weighed in on CSL. Zacks Investment Research cut Carlisle Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Robert W. Baird set a $134.00 price objective on Carlisle Companies and gave the company a “buy” rating in a research note on Tuesday, April 9th. Oppenheimer lifted their price objective on Carlisle Companies from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. BMO Capital Markets lifted their price objective on Carlisle Companies from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Tuesday, February 19th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $138.00 price objective on shares of Carlisle Companies in a research note on Sunday, February 10th.
In other news, Director David A. Roberts sold 3,610 shares of Carlisle Companies stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $121.50, for a total value of $438,615.00. Following the completion of the sale, the director now directly owns 84,762 shares of the company’s stock, valued at $10,298,583. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO D Christian Koch sold 30,255 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $120.08, for a total value of $3,633,020.40. Following the transaction, the chief executive officer now directly owns 141,651 shares of the company’s stock, valued at $17,009,452.08. The disclosure for this sale can be found here. Insiders sold 69,865 shares of company stock valued at $8,452,327 over the last ninety days. Insiders own 1.70% of the company’s stock.
Shares of NYSE CSL traded up $1.07 during trading on Friday, reaching $127.93. The stock had a trading volume of 320,373 shares, compared to its average volume of 327,150. Carlisle Companies has a fifty-two week low of $92.16 and a fifty-two week high of $129.47. The company has a current ratio of 3.45, a quick ratio of 2.69 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $7.33 billion, a PE ratio of 20.57, a PEG ratio of 1.16 and a beta of 1.01.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, February 7th. The conglomerate reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.28. Carlisle Companies had a return on equity of 14.14% and a net margin of 13.59%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm posted $1.73 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts predict that Carlisle Companies will post 7.38 earnings per share for the current year.
Carlisle Companies announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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