Carlisle Companies (NYSE:CSL) had its target price lowered by Robert W. Baird from $130.00 to $125.00 in a research note issued to investors on Friday. The firm currently has an outperform rating on the conglomerate’s stock.
Several other equities analysts also recently weighed in on CSL. FBR & Co set a $125.00 target price on Carlisle Companies and gave the stock a buy rating in a research report on Thursday, October 12th. Oppenheimer restated a hold rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. SunTrust Banks upped their price target on Carlisle Companies to $126.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Carlisle Companies from a sell rating to a hold rating in a research note on Friday, October 27th. Finally, B. Riley restated a buy rating on shares of Carlisle Companies in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $124.63.
Carlisle Companies (CSL) opened at $107.85 on Friday. Carlisle Companies has a 12-month low of $92.09 and a 12-month high of $119.21. The firm has a market capitalization of $6,685.80, a PE ratio of 20.54, a P/E/G ratio of 1.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.14.
Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. Carlisle Companies had a return on equity of 13.60% and a net margin of 8.94%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the business posted $1.32 earnings per share. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. analysts predict that Carlisle Companies will post 6.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, February 16th. This represents a $1.48 annualized dividend and a yield of 1.37%. Carlisle Companies’s dividend payout ratio is presently 25.92%.
Carlisle Companies announced that its Board of Directors has approved a stock buyback program on Tuesday, February 6th that permits the company to buyback 5,000,000 shares. This buyback authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
A number of large investors have recently made changes to their positions in CSL. State Street Corp grew its stake in shares of Carlisle Companies by 1.5% in the second quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock valued at $246,131,000 after buying an additional 38,112 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Carlisle Companies by 32.3% in the third quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock valued at $252,888,000 after buying an additional 615,655 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Carlisle Companies by 16.4% in the third quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock valued at $149,484,000 after buying an additional 209,448 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Carlisle Companies by 6.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,236,016 shares of the conglomerate’s stock valued at $140,473,000 after buying an additional 73,621 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Carlisle Companies by 4.1% in the third quarter. Ameriprise Financial Inc. now owns 987,560 shares of the conglomerate’s stock valued at $99,042,000 after buying an additional 38,451 shares in the last quarter. Institutional investors own 88.35% of the company’s stock.
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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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