Carlisle Companies, Inc. (NYSE:CSL) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $127.50.
Several analysts have recently issued reports on the stock. CIBC reissued a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. FBR & Co reissued an “outperform” rating and issued a $125.00 price target on shares of Carlisle Companies in a research report on Tuesday, July 11th. BidaskClub lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Zacks Investment Research cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Oppenheimer Holdings, Inc. set a $120.00 price objective on shares of Carlisle Companies and gave the company a “buy” rating in a research note on Tuesday, June 6th.
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Carlisle Companies (CSL) traded up 1.37% during trading on Tuesday, reaching $94.64. The company’s stock had a trading volume of 222,522 shares. The company has a market cap of $5.98 billion, a P/E ratio of 26.75 and a beta of 0.77. The company’s 50 day moving average price is $96.87 and its 200 day moving average price is $101.36. Carlisle Companies has a 52 week low of $92.09 and a 52 week high of $116.40.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by $0.03. Carlisle Companies had a net margin of 9.55% and a return on equity of 16.25%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm earned $1.75 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Carlisle Companies will post $5.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.48 annualized dividend and a yield of 1.56%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.35. Carlisle Companies’s payout ratio is currently 41.93%.
A number of institutional investors have recently modified their holdings of CSL. NEXT Financial Group Inc boosted its position in shares of Carlisle Companies by 39.3% in the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after buying an additional 308 shares in the last quarter. Creative Planning boosted its position in shares of Carlisle Companies by 8.8% in the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after buying an additional 150 shares in the last quarter. Fairfax Financial Holdings Ltd Can purchased a new position in shares of Carlisle Companies during the first quarter valued at approximately $202,000. Palisade Capital Management LLC NJ purchased a new position in shares of Carlisle Companies during the first quarter valued at approximately $225,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Carlisle Companies by 3.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after buying an additional 75 shares in the last quarter. 93.69% of the stock is owned by institutional investors.
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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