Carlisle Companies Incorporated (NYSE:CSL) Receives $399.17 Average Target Price from Brokerages

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received an average recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $399.1667.

A number of analysts recently commented on CSL shares. JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Finally, Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a report on Wednesday, February 4th.

Carlisle Companies Trading Up 2.4%

Shares of CSL opened at $333.55 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $435.92. The stock has a market cap of $13.64 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.91. The firm has a 50 day simple moving average of $368.86 and a 200-day simple moving average of $343.01.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.Carlisle Companies’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.47 EPS. Equities analysts forecast that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s payout ratio is presently 25.72%.

Insiders Place Their Bets

In related news, CFO Kevin P. Zdimal sold 24,180 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the transaction, the chief financial officer directly owned 30,094 shares in the company, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $417.36, for a total value of $2,524,610.64. Following the transaction, the insider owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 68,289 shares of company stock valued at $28,125,467. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in Carlisle Companies by 36.9% in the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after purchasing an additional 28,414 shares during the period. MAI Capital Management increased its position in Carlisle Companies by 26.6% during the second quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock worth $59,000 after purchasing an additional 33 shares during the last quarter. Prudential Financial Inc. raised its stake in Carlisle Companies by 21.0% during the second quarter. Prudential Financial Inc. now owns 9,428 shares of the conglomerate’s stock worth $3,520,000 after purchasing an additional 1,637 shares during the period. J.W. Cole Advisors Inc. purchased a new position in Carlisle Companies during the second quarter worth approximately $405,000. Finally, Choreo LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at $521,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.