Analysts Set Carlisle Companies Incorporated (NYSE:CSL) PT at $395.83

Carlisle Companies Incorporated (NYSE:CSL) has earned a consensus rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $395.8333.

A number of research analysts have commented on the company. Oppenheimer boosted their price objective on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Robert W. Baird set a $420.00 target price on Carlisle Companies in a report on Wednesday, February 4th. Finally, William Blair started coverage on Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock.

Carlisle Companies Stock Performance

NYSE:CSL opened at $354.90 on Wednesday. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.13 and a beta of 0.91. The firm’s fifty day simple moving average is $370.23 and its 200 day simple moving average is $348.70. Carlisle Companies has a twelve month low of $293.43 and a twelve month high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $4.47 EPS. The firm’s revenue was up .4% on a year-over-year basis. As a group, equities research analysts expect that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.72%.

Insider Activity

In related news, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the completion of the sale, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. This trade represents a 24.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Schwar sold 6,049 shares of Carlisle Companies stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the sale, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 68,289 shares of company stock valued at $28,125,467. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSL. MML Investors Services LLC lifted its stake in shares of Carlisle Companies by 1.1% in the fourth quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock worth $799,000 after acquiring an additional 27 shares in the last quarter. Raiffeisen Bank International AG grew its stake in Carlisle Companies by 12.8% during the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock valued at $80,000 after purchasing an additional 28 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in Carlisle Companies by 69.6% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 32 shares in the last quarter. Blue Trust Inc. increased its holdings in Carlisle Companies by 4.9% during the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock worth $223,000 after purchasing an additional 32 shares during the last quarter. Finally, DNB Asset Management AS increased its holdings in Carlisle Companies by 0.3% during the 2nd quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock worth $4,576,000 after purchasing an additional 33 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.