Carlisle Companies, Inc. (NYSE:CSL) – Equities research analysts at Oppenheimer cut their Q4 2019 earnings per share estimates for shares of Carlisle Companies in a research note issued on Sunday, December 8th. Oppenheimer analyst B. Blair now forecasts that the conglomerate will post earnings per share of $1.61 for the quarter, down from their prior forecast of $1.81. Oppenheimer currently has a “Outperform” rating and a $165.00 target price on the stock. Oppenheimer also issued estimates for Carlisle Companies’ FY2020 earnings at $9.15 EPS.
A number of other brokerages also recently commented on CSL. ValuEngine downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Robert W. Baird boosted their target price on shares of Carlisle Companies from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Zacks Investment Research upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating and set a $164.00 target price for the company in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Carlisle Companies presently has a consensus rating of “Hold” and an average target price of $153.00.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.13. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. Carlisle Companies had a net margin of 9.66% and a return on equity of 17.99%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSL. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Carlisle Companies by 3.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,985 shares of the conglomerate’s stock valued at $560,000 after acquiring an additional 123 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Carlisle Companies by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 35,071 shares of the conglomerate’s stock valued at $4,924,000 after acquiring an additional 16,574 shares in the last quarter. KBC Group NV boosted its stake in Carlisle Companies by 4,197.0% in the second quarter. KBC Group NV now owns 20,153 shares of the conglomerate’s stock valued at $2,829,000 after acquiring an additional 19,684 shares in the last quarter. AGF Investments LLC boosted its stake in Carlisle Companies by 33.2% in the second quarter. AGF Investments LLC now owns 2,366 shares of the conglomerate’s stock valued at $332,000 after acquiring an additional 590 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Carlisle Companies by 1.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,590 shares of the conglomerate’s stock valued at $1,487,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.
In other Carlisle Companies news, insider Nicholas J. Shears sold 6,570 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $149.00, for a total value of $978,930.00. Following the completion of the transaction, the insider now owns 20,783 shares in the company, valued at $3,096,667. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Douglas Charles Taylor acquired 697 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was bought at an average price of $147.27 per share, with a total value of $102,647.19. Following the purchase, the vice president now directly owns 6,221 shares of the company’s stock, valued at $916,166.67. The disclosure for this purchase can be found here. Insiders sold 69,673 shares of company stock valued at $10,911,340 in the last 90 days. 1.70% of the stock is currently owned by insiders.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 1.28%. Carlisle Companies’s dividend payout ratio is presently 32.15%.
Carlisle Companies Company Profile
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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