Carlisle Companies (NYSE:CSL) Sets New 1-Year Low – Time to Sell?

Carlisle Companies Incorporated (NYSE:CSL) shares reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $312.60 and last traded at $326.87, with a volume of 834299 shares trading hands. The stock had previously closed at $327.10.

Wall Street Analyst Weigh In

CSL has been the subject of a number of research analyst reports. Loop Capital dropped their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Oppenheimer restated an “outperform” rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus target price of $476.00.

Carlisle Companies Stock Performance

The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The firm has a market cap of $14.43 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.03 and a beta of 0.94. The business has a fifty day simple moving average of $348.76 and a 200-day simple moving average of $399.10.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period last year, the business posted $4.17 earnings per share. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.22%. Carlisle Companies’s payout ratio is 14.48%.

Insider Buying and Selling

In other news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. The trade was a 15.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now directly owns 2,665 shares in the company, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Carlisle Companies

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in shares of Carlisle Companies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate’s stock valued at $502,239,000 after purchasing an additional 29,799 shares in the last quarter. Franklin Resources Inc. lifted its stake in Carlisle Companies by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate’s stock valued at $440,476,000 after acquiring an additional 17,206 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Carlisle Companies by 3.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate’s stock valued at $418,617,000 after acquiring an additional 34,021 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after acquiring an additional 102,436 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Carlisle Companies by 692.1% during the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock valued at $227,527,000 after purchasing an additional 538,990 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Company Profile

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.