Carlisle Companies (NYSE:CSL) Receives Outperform Rating from Oppenheimer

Oppenheimer restated their outperform rating on shares of Carlisle Companies (NYSE:CSL) in a report issued on Friday morning,Benzinga reports. They currently have a $495.00 price objective on the conglomerate’s stock, down from their previous price objective of $505.00.

A number of other equities analysts have also recently commented on the stock. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. Finally, StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and an average target price of $470.00.

Carlisle Companies Trading Up 0.1 %

Shares of CSL stock opened at $378.27 on Friday. The stock’s 50-day moving average price is $441.84 and its 200-day moving average price is $425.68. Carlisle Companies has a 12-month low of $297.25 and a 12-month high of $481.26. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company earned $4.68 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Equities research analysts predict that Carlisle Companies will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 1.06%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Insider Activity

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies in the third quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new stake in shares of Carlisle Companies in the 3rd quarter worth $32,000. True Wealth Design LLC grew its position in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after buying an additional 70 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 92 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 57 shares during the period. 89.52% of the stock is currently owned by 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.