Carlisle Companies, Inc. (NYSE:CSL) has been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $125.00.
Several research firms have recently issued reports on CSL. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Robert W. Baird lifted their price target on Carlisle Companies from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. FBR & Co set a $125.00 price target on Carlisle Companies and gave the stock a “buy” rating in a research report on Wednesday, October 25th. SunTrust Banks reiterated a “buy” rating and issued a $130.00 price objective on shares of Carlisle Companies in a report on Friday, February 9th. Finally, B. Riley set a $125.00 price objective on Carlisle Companies and gave the stock a “buy” rating in a report on Friday, February 9th.
Shares of Carlisle Companies (CSL) traded up $0.34 on Tuesday, reaching $107.26. 340,248 shares of the company were exchanged, compared to its average volume of 649,526. The stock has a market capitalization of $6,649.26, a P/E ratio of 18.78, a P/E/G ratio of 1.11 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43. Carlisle Companies has a 1-year low of $92.09 and a 1-year high of $119.21.
Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. Carlisle Companies had a net margin of 8.94% and a return on equity of 13.60%. Carlisle Companies’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the firm posted $1.32 earnings per share. research analysts anticipate that Carlisle Companies will post 6.05 EPS for the current year.
Carlisle Companies announced that its board has approved a stock repurchase program on Tuesday, February 6th that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.48 annualized dividend and a yield of 1.38%. Carlisle Companies’s payout ratio is 25.92%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSL. Janus Henderson Group PLC increased its holdings in Carlisle Companies by 32.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock worth $252,888,000 after buying an additional 615,655 shares in the last quarter. Anchor Bolt Capital LP increased its holdings in Carlisle Companies by 2,196.8% in the 4th quarter. Anchor Bolt Capital LP now owns 547,845 shares of the conglomerate’s stock worth $62,263,000 after buying an additional 523,992 shares in the last quarter. Fiduciary Management Inc. WI grew its stake in shares of Carlisle Companies by 133.6% during the 3rd quarter. Fiduciary Management Inc. WI now owns 894,087 shares of the conglomerate’s stock valued at $89,668,000 after purchasing an additional 511,269 shares during the period. Schroder Investment Management Group grew its stake in shares of Carlisle Companies by 16.4% during the 3rd quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock valued at $149,484,000 after purchasing an additional 209,448 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Carlisle Companies during the 3rd quarter valued at about $20,359,000. Institutional investors own 88.35% of the company’s stock.
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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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