Other equities analysts have also recently issued research reports about the company. FBR & Co set a $125.00 target price on Carlisle Companies and gave the stock a buy rating in a report on Wednesday, October 25th. Zacks Investment Research cut Carlisle Companies from a hold rating to a sell rating in a report on Tuesday, January 16th. Robert W. Baird dropped their target price on Carlisle Companies from $130.00 to $125.00 and set an outperform rating for the company in a report on Friday, February 9th. SunTrust Banks reiterated a buy rating and issued a $130.00 target price on shares of Carlisle Companies in a report on Friday, February 9th. Finally, Oppenheimer reiterated a hold rating on shares of Carlisle Companies in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $124.63.
Carlisle Companies (CSL) opened at $104.51 on Thursday. The company has a market capitalization of $6,484.15, a P/E ratio of 18.30, a PEG ratio of 1.08 and a beta of 0.79. The company has a quick ratio of 1.43, a current ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies has a 1-year low of $92.09 and a 1-year high of $119.21.
Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, February 8th. The conglomerate reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1 billion. Carlisle Companies had a return on equity of 13.53% and a net margin of 8.94%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.32 EPS. research analysts forecast that Carlisle Companies will post 6.05 earnings per share for the current year.
Carlisle Companies declared that its board has initiated a share buyback plan on Tuesday, February 6th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the conglomerate to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, February 16th. Carlisle Companies’s payout ratio is currently 25.92%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new position in Carlisle Companies during the 3rd quarter valued at $100,000. Toronto Dominion Bank purchased a new position in Carlisle Companies during the 3rd quarter valued at $126,000. Cerebellum GP LLC purchased a new position in Carlisle Companies during the 4th quarter valued at $128,000. Marble Harbor Investment Counsel LLC purchased a new position in Carlisle Companies during the 3rd quarter valued at $201,000. Finally, Advisory Services Network LLC boosted its holdings in Carlisle Companies by 4,659.0% during the 4th quarter. Advisory Services Network LLC now owns 1,856 shares of the conglomerate’s stock valued at $211,000 after acquiring an additional 1,817 shares during the period. Institutional investors own 87.39% of the company’s stock.
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About Carlisle Companies
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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