Carlisle Companies Incorporated (NYSE:CSL) Price Target Raised to $126.00

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.

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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