Carlisle Companies (NYSE:CSL) Rating Reiterated by Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Carlisle Companies (NYSE:CSL) in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a $480.00 target price on the conglomerate’s stock, up from their previous target price of $475.00.

Other research analysts have also issued research reports about the company. StockNews.com lowered Carlisle Companies from a buy rating to a hold rating in a research report on Tuesday, August 27th. Robert W. Baird increased their target price on Carlisle Companies from $465.00 to $500.00 and gave the company an outperform rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $433.00.

Carlisle Companies Stock Down 0.0 %

CSL stock opened at $402.11 on Wednesday. Carlisle Companies has a twelve month low of $235.79 and a twelve month high of $443.87. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. The firm has a market cap of $19.14 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. The business has a 50 day moving average of $410.00 and a 200 day moving average of $398.48.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company earned $5.18 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts forecast that Carlisle Companies will post 20.58 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.99%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is currently 23.19%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the transaction, the chief financial officer now owns 35,641 shares in the company, valued at $15,157,760.89. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors and hedge funds have recently modified their holdings of CSL. Norges Bank purchased a new position in Carlisle Companies during the fourth quarter valued at $159,187,000. TD Asset Management Inc lifted its position in Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after purchasing an additional 268,685 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in Carlisle Companies by 666.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock valued at $71,218,000 after purchasing an additional 198,191 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in Carlisle Companies during the second quarter valued at $65,041,000. Finally, Wellington Management Group LLP lifted its position in Carlisle Companies by 1,074.0% during the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock valued at $47,490,000 after purchasing an additional 139,054 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

About Carlisle Companies

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.