Carlisle Companies (NYSE:CSL) Sets New 1-Year High at $393.00

Shares of Carlisle Companies Incorporated (NYSE:CSL) reached a new 52-week high during trading on Thursday . The stock traded as high as $393.00 and last traded at $393.00, with a volume of 8460 shares. The stock had previously closed at $388.62.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Oppenheimer boosted their price objective on shares of Carlisle Companies from $355.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Robert W. Baird increased their target price on shares of Carlisle Companies from $365.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and an average price target of $331.67.

Carlisle Companies Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. The business’s 50 day simple moving average is $345.76 and its 200 day simple moving average is $301.98.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $3.92 EPS. Carlisle Companies’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts anticipate that Carlisle Companies Incorporated will post 18.51 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Thursday, February 15th. Carlisle Companies’s dividend payout ratio is 22.31%.

Insider Activity at Carlisle Companies

In related news, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the transaction, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $30,114,169.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares of the company’s stock, valued at $1,770,203.68. The disclosure for this sale can be found here. Insiders sold a total of 15,255 shares of company stock worth $5,231,360 in the last 90 days. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carlisle Companies

Hedge funds have recently modified their holdings of the stock. Nomura Holdings Inc. increased its holdings in shares of Carlisle Companies by 161.6% in the fourth quarter. Nomura Holdings Inc. now owns 8,870 shares of the conglomerate’s stock worth $2,771,000 after buying an additional 5,479 shares during the period. Wellington Management Group LLP increased its stake in shares of Carlisle Companies by 1,074.0% in the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after purchasing an additional 139,054 shares in the last quarter. Virtu Financial LLC bought a new position in Carlisle Companies in the 4th quarter worth approximately $471,000. V Square Quantitative Management LLC purchased a new position in shares of Carlisle Companies during the fourth quarter valued at about $31,000. Finally, FIL Ltd boosted its position in shares of Carlisle Companies by 11.4% during the 4th quarter. FIL Ltd now owns 299,606 shares of the conglomerate’s stock valued at $93,606,000 after acquiring an additional 30,621 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.