Carlisle Companies, Inc. (NYSE:CSL) – Equities researchers at Oppenheimer Holdings reduced their Q2 2017 earnings estimates for Carlisle Companies in a research report issued on Wednesday. Oppenheimer Holdings analyst J. Giannakouros now expects that the conglomerate will post earnings per share of $1.53 for the quarter, down from their prior estimate of $1.63. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Carlisle Companies’ Q4 2017 earnings at $1.19 EPS and FY2017 earnings at $5.30 EPS.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 27th. The conglomerate reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $857.30 million for the quarter, compared to the consensus estimate of $832.50 million. Carlisle Companies had a net margin of 7.17% and a return on equity of 9.77%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS.
A number of other equities research analysts have also recently weighed in on CSL. CIBC reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday. BidaskClub cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Zacks Investment Research cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $130.00 price target on shares of Carlisle Companies in a research report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $118.25.
Carlisle Companies (NYSE:CSL) opened at 95.88 on Thursday. Carlisle Companies has a one year low of $94.60 and a one year high of $116.40. The company has a market capitalization of $6.19 billion, a P/E ratio of 25.82 and a beta of 0.75. The company’s 50-day moving average is $100.60 and its 200 day moving average is $106.24.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Wednesday, May 10th. Carlisle Companies’s dividend payout ratio is presently 37.84%.
In other Carlisle Companies news, insider John E. Berlin sold 19,860 shares of Carlisle Companies stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $104.55, for a total transaction of $2,076,363.00. Following the completion of the sale, the insider now directly owns 56,262 shares in the company, valued at $5,882,192.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.12% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Carlisle Companies during the fourth quarter worth $8,317,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Carlisle Companies by 1.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 93,430 shares of the conglomerate’s stock worth $10,304,000 after buying an additional 1,714 shares in the last quarter. Burney Co. bought a new stake in shares of Carlisle Companies during the fourth quarter worth $211,000. Comerica Bank boosted its stake in shares of Carlisle Companies by 5.2% in the fourth quarter. Comerica Bank now owns 50,094 shares of the conglomerate’s stock worth $5,470,000 after buying an additional 2,461 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Carlisle Companies by 7.4% in the fourth quarter. State Street Corp now owns 2,568,023 shares of the conglomerate’s stock worth $283,229,000 after buying an additional 177,221 shares in the last quarter. Institutional investors and hedge funds own 91.75% of the company’s stock.
About Carlisle Companies
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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