Carlisle Companies, Inc. (NYSE:CSL) has received an average rating of “Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $131.50.
Several equities research analysts have weighed in on the company. Robert W. Baird set a $134.00 price target on Carlisle Companies and gave the stock a “buy” rating in a report on Tuesday, April 9th. Oppenheimer upgraded Carlisle Companies to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday, January 16th. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a report on Monday, December 31st. SunTrust Banks reiterated a “buy” rating and issued a $138.00 price objective on shares of Carlisle Companies in a report on Sunday, February 10th. Finally, BMO Capital Markets raised their price target on Carlisle Companies from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 19th.
CSL opened at $127.38 on Friday. Carlisle Companies has a 12-month low of $92.16 and a 12-month high of $129.47. The company has a current ratio of 3.45, a quick ratio of 2.69 and a debt-to-equity ratio of 0.61. The stock has a market cap of $7.30 billion, a P/E ratio of 20.48, a PEG ratio of 1.15 and a beta of 1.01.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, February 7th. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.28. Carlisle Companies had a return on equity of 14.14% and a net margin of 13.59%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company earned $1.73 EPS. Carlisle Companies’s revenue was up 8.8% on a year-over-year basis. Equities analysts forecast that Carlisle Companies will post 7.38 earnings per share for the current year.
Carlisle Companies declared that its board has initiated a share repurchase program on Tuesday, February 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
In other Carlisle Companies news, Director David A. Roberts sold 3,610 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $121.50, for a total transaction of $438,615.00. Following the completion of the sale, the director now directly owns 84,762 shares of the company’s stock, valued at approximately $10,298,583. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John E. Berlin sold 15,150 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $124.24, for a total value of $1,882,236.00. Following the sale, the insider now directly owns 47,221 shares of the company’s stock, valued at $5,866,737.04. The disclosure for this sale can be found here. Insiders have sold a total of 69,865 shares of company stock worth $8,452,327 in the last 90 days. 1.70% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. JOYN Advisors Inc. lifted its holdings in shares of Carlisle Companies by 195.6% in the 4th quarter. JOYN Advisors Inc. now owns 269 shares of the conglomerate’s stock valued at $27,000 after buying an additional 178 shares during the period. Tributary Capital Management LLC acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at approximately $50,000. Ffcm LLC lifted its holdings in shares of Carlisle Companies by 262.3% in the 4th quarter. Ffcm LLC now owns 1,395 shares of the conglomerate’s stock valued at $140,000 after buying an additional 1,010 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Carlisle Companies in the 3rd quarter valued at approximately $196,000. Finally, First Mercantile Trust Co. lifted its holdings in shares of Carlisle Companies by 60.2% in the 4th quarter. First Mercantile Trust Co. now owns 1,995 shares of the conglomerate’s stock valued at $200,000 after buying an additional 750 shares during the period. 90.77% of the stock is owned by institutional investors.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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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