Carlisle Companies Incorporated (NYSE:CSL) had its target price raised by SunTrust Banks, Inc. to $126.00 in a research note released on Wednesday, October 25th. SunTrust Banks, Inc. currently has a buy rating on the conglomerate’s stock. SunTrust Banks also issued estimates for Carlisle Companies’ FY2017 earnings at $5.04 EPS, Q1 2018 earnings at $1.03 EPS, Q2 2018 earnings at $1.83 EPS, Q3 2018 earnings at $1.87 EPS, Q4 2018 earnings at $1.51 EPS and FY2019 earnings at $6.80 EPS.
Several other equities analysts also recently issued reports on CSL. BidaskClub raised shares of Carlisle Companies from a sell rating to a hold rating in a report on Saturday, July 1st. Zacks Investment Research downgraded shares of Carlisle Companies from a hold rating to a sell rating in a research note on Thursday, July 6th. Robert W. Baird reaffirmed an outperform rating on shares of Carlisle Companies in a research note on Monday, July 10th. FBR & Co reaffirmed an outperform rating and issued a $125.00 target price on shares of Carlisle Companies in a research note on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Carlisle Companies in a research note on Sunday, August 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Carlisle Companies has a consensus rating of Hold and an average price target of $122.33.
Shares of Carlisle Companies (NYSE CSL) traded up $0.08 during mid-day trading on Wednesday, reaching $109.07. 477,100 shares of the company traded hands, compared to its average volume of 483,887. Carlisle Companies has a 12-month low of $92.09 and a 12-month high of $116.40. The company has a market cap of $6,753.42, a P/E ratio of 20.18, a P/E/G ratio of 1.37 and a beta of 0.86. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.32.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted $1.74 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. equities research analysts predict that Carlisle Companies will post 4.97 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, November 16th. Carlisle Companies’s dividend payout ratio is 29.31%.
In other news, insider John E. Berlin sold 6,250 shares of Carlisle Companies stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total transaction of $589,437.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.12% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Carlisle Companies by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,928,831 shares of the conglomerate’s stock worth $565,611,000 after buying an additional 35,069 shares during the period. Atlanta Capital Management Co. L L C grew its position in shares of Carlisle Companies by 12.3% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 2,931,083 shares of the conglomerate’s stock worth $279,625,000 after buying an additional 320,305 shares during the period. State Street Corp grew its position in shares of Carlisle Companies by 1.5% during the 2nd quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock worth $246,131,000 after buying an additional 38,112 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $181,824,000. Finally, Schroder Investment Management Group grew its position in shares of Carlisle Companies by 16.4% during the 3rd quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock worth $149,484,000 after buying an additional 209,448 shares during the period. Institutional investors own 91.03% 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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