Carlisle Companies (NYSE:CSL) Reaches New 12-Month High at $400.47

Carlisle Companies Incorporated (NYSE:CSLGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $400.47 and last traded at $398.59, with a volume of 21301 shares trading hands. The stock had previously closed at $391.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Carlisle Companies from $365.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Loop Capital raised their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group started coverage on Carlisle Companies in a report on Wednesday. They issued a “buy” rating and a $455.00 price objective on the stock. Oppenheimer raised their price objective on Carlisle Companies from $355.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Finally, StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.43.

Get Our Latest Stock Report on CSL

Carlisle Companies Stock Performance

The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average price of $352.50 and a 200 day moving average price of $305.44. The firm has a market cap of $18.94 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.40 and a beta of 0.93.

Carlisle Companies (NYSE:CSLGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, topping the consensus estimate of $3.47 by $0.70. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.92 EPS. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 18.7 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio is presently 22.31%.

Insider Transactions at Carlisle Companies

In other news, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP David W. Smith sold 700 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $959,422.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,255 shares of company stock valued at $5,231,360. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banco Santander S.A. purchased a new stake in Carlisle Companies in the third quarter valued at approximately $341,000. Exchange Traded Concepts LLC purchased a new stake in shares of Carlisle Companies during the fourth quarter worth approximately $1,093,000. Pacer Advisors Inc. raised its stake in shares of Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after purchasing an additional 413,691 shares during the last quarter. Pathstone Family Office LLC raised its stake in shares of Carlisle Companies by 63.6% during the third quarter. Pathstone Family Office LLC now owns 3,152 shares of the conglomerate’s stock worth $817,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Carlisle Companies by 82.6% during the second quarter. Barclays PLC now owns 80,505 shares of the conglomerate’s stock worth $20,653,000 after purchasing an additional 36,413 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Company Profile

(Get Free Report)

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.

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