Zacks Investment Research upgraded shares of Carlisle Companies Incorporated (NYSE:CSL) from a sell rating to a hold rating in a research note published on Monday.
According to Zacks, “Carlisle Companies Incorporated manufactures and distributes a wide variety of products across a broad range of industries, including, among others, roofing, construction, trucking, automotive, foodservice, industrial equipment, lawn and garden and aircraft manufacturing. They market their products both as a component supplier to original equipment manufacturers, as well as directly to end users. “
CSL has been the subject of several other reports. CIBC restated a market perform rating on shares of Carlisle Companies in a research note on Wednesday, June 14th. Buckingham Research began coverage on Carlisle Companies in a research note on Tuesday, September 5th. They set a buy rating and a $115.00 price target for the company. FBR & Co reiterated an outperform rating and set a $125.00 price target on shares of Carlisle Companies in a research note on Tuesday, July 11th. BidaskClub downgraded Carlisle Companies from a hold rating to a sell rating in a research note on Friday, June 9th. Finally, Oppenheimer Holdings, Inc. set a $120.00 price target on Carlisle Companies and gave the company a buy rating in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $121.00.
Carlisle Companies (CSL) traded down 0.67% during mid-day trading on Monday, reaching $95.84. The company had a trading volume of 58,557 shares. The stock has a 50 day moving average price of $95.60 and a 200 day moving average price of $100.24. The company has a market capitalization of $6.05 billion, a P/E ratio of 27.09 and a beta of 0.77. Carlisle Companies has a one year low of $92.09 and a one year high of $116.40.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.03). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 earnings per share. On average, equities analysts expect that Carlisle Companies will post $5.20 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.48 dividend on an annualized basis and a yield of 1.53%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.35. Carlisle Companies’s payout ratio is 41.93%.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of Carlisle Companies stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total transaction of $589,437.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.12% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in CSL. BlackRock Inc. boosted its stake in Carlisle Companies by 2,245.8% during the 1st quarter. BlackRock Inc. now owns 5,977,338 shares of the conglomerate’s stock valued at $636,048,000 after purchasing an additional 5,722,532 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $181,824,000. Pioneer Investment Management Inc. purchased a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $73,025,000. MARSHALL WACE ASIA Ltd purchased a new position in shares of Carlisle Companies in the 1st quarter worth approximately $69,002,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Carlisle Companies in the 1st quarter worth approximately $69,002,000. Institutional investors and hedge funds own 88.65% of the company’s stock.
Carlisle Companies Company Profile
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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