Longbow Research downgraded shares of Carlisle Companies (NYSE:CSL) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, Analyst Price Targets reports.
Several other brokerages have also recently weighed in on CSL. Oppenheimer lifted their price target on Carlisle Companies from $160.00 to $175.00 and gave the company an outperform rating in a research report on Friday, January 8th. They noted that the move was a valuation call. Loop Capital upgraded Carlisle Companies from a hold rating to a buy rating and lifted their price target for the company from $160.00 to $184.00 in a research report on Wednesday, March 31st. Finally, Zacks Investment Research cut Carlisle Companies from a hold rating to a sell rating and set a $177.00 target price for the company. in a research report on Tuesday, April 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $166.29.
Shares of CSL opened at $171.78 on Monday. The firm has a market cap of $9.05 billion, a PE ratio of 28.16, a PEG ratio of 1.45 and a beta of 0.96. The stock’s fifty day moving average price is $159.82 and its two-hundred day moving average price is $148.08. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.31 and a quick ratio of 2.52. Carlisle Companies has a 1 year low of $97.55 and a 1 year high of $173.88.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, February 3rd. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.33. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. Carlisle Companies had a return on equity of 14.60% and a net margin of 7.91%. Sell-side analysts anticipate that Carlisle Companies will post 6.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Stockholders of record on Friday, February 19th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 18th. Carlisle Companies’s payout ratio is currently 25.33%.
In other news, insider John E. Berlin sold 15,554 shares of the business’s stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $150.46, for a total value of $2,340,254.84. Following the completion of the sale, the insider now owns 34,216 shares of the company’s stock, valued at approximately $5,148,139.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Karl Ted Messmer sold 13,022 shares of the business’s stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $150.18, for a total value of $1,955,643.96. Following the completion of the sale, the insider now directly owns 18,178 shares of the company’s stock, valued at approximately $2,729,972.04. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. lifted its stake in shares of Carlisle Companies by 1.2% in the 4th quarter. YHB Investment Advisors Inc. now owns 18,016 shares of the conglomerate’s stock valued at $2,814,000 after acquiring an additional 211 shares during the last quarter. TCW Group Inc. bought a new stake in shares of Carlisle Companies in the 4th quarter valued at about $1,876,000. Sei Investments Co. lifted its stake in shares of Carlisle Companies by 39.6% in the 3rd quarter. Sei Investments Co. now owns 56,018 shares of the conglomerate’s stock valued at $6,695,000 after acquiring an additional 15,887 shares during the last quarter. Benson Investment Management Company Inc. bought a new stake in shares of Carlisle Companies in the 4th quarter valued at about $2,303,000. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Carlisle Companies by 17.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 369,113 shares of the conglomerate’s stock valued at $57,648,000 after acquiring an additional 54,307 shares during the last quarter. 90.14% of the stock is owned by institutional investors.
Carlisle Companies Company Profile
Carlisle Cos., Inc engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction.
Featured Story: Why is Cost of Capital Important?
Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.