Carlisle Companies, Inc. (NYSE:CSL) Director David A. Roberts sold 36,533 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $127.52, for a total value of $4,658,688.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
NYSE CSL opened at $128.36 on Friday. Carlisle Companies, Inc. has a fifty-two week low of $95.68 and a fifty-two week high of $129.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.40 and a current ratio of 3.10. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 1.40 and a beta of 0.87.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, July 24th. The conglomerate reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.27. Carlisle Companies had a return on equity of 13.21% and a net margin of 14.20%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $1.58 earnings per share. The business’s revenue was up 25.6% compared to the same quarter last year. analysts anticipate that Carlisle Companies, Inc. will post 6.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Monday, August 20th were issued a dividend of $0.40 per share. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, August 17th. Carlisle Companies’s dividend payout ratio (DPR) is 86.80%.
Several equities analysts have weighed in on CSL shares. Oppenheimer restated a “hold” rating on shares of Carlisle Companies in a report on Wednesday, July 25th. Zacks Investment Research lowered Carlisle Companies from a “buy” rating to a “hold” rating in a report on Monday, August 13th. BMO Capital Markets restated a “buy” rating and set a $135.00 target price on shares of Carlisle Companies in a report on Friday, July 27th. ValuEngine upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, Robert W. Baird raised their target price on Carlisle Companies from $124.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Carlisle Companies presently has an average rating of “Buy” and a consensus price target of $134.83.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in shares of Carlisle Companies by 178.4% in the second quarter. Wells Fargo & Company MN now owns 1,707,543 shares of the conglomerate’s stock valued at $184,943,000 after purchasing an additional 1,094,184 shares during the last quarter. Select Equity Group L.P. acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $82,864,000. Reinhart Partners Inc. acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $21,557,000. Fiduciary Management Inc. WI grew its position in shares of Carlisle Companies by 21.2% in the first quarter. Fiduciary Management Inc. WI now owns 1,092,362 shares of the conglomerate’s stock valued at $114,054,000 after purchasing an additional 191,348 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Carlisle Companies by 4.4% in the second quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock valued at $464,263,000 after purchasing an additional 181,769 shares during the last quarter. Institutional investors own 91.32% of the company’s stock.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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