Carlisle Companies (NYSE:CSL) Sets New 12-Month High at $444.50

Carlisle Companies Incorporated (NYSE:CSL) shares reached a new 52-week high on Monday . The stock traded as high as $444.50 and last traded at $442.52, with a volume of 56484 shares changing hands. The stock had previously closed at $436.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Robert W. Baird increased their price target on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Oppenheimer reiterated an “outperform” rating and set a $480.00 price target (up from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Finally, StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.00.

Carlisle Companies Price Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The company has a market capitalization of $20.96 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.30 and a beta of 0.90. The firm’s fifty day moving average is $410.59 and its 200 day moving average is $403.25.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.40. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. Carlisle Companies’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.18 EPS. As a group, analysts predict that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.91%. Carlisle Companies’s dividend payout ratio is presently 23.19%.

Insider Activity

In related news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP David W. Smith sold 600 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $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 business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Equitable Trust Co. raised its stake in shares of Carlisle Companies by 0.4% in the 2nd quarter. Equitable Trust Co. now owns 8,589 shares of the conglomerate’s stock worth $3,480,000 after buying an additional 30 shares in the last quarter. Commerce Bank increased its position in Carlisle Companies by 1.4% during the fourth quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after acquiring an additional 34 shares during the period. Astoria Portfolio Advisors LLC. grew its holdings in shares of Carlisle Companies by 5.0% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock worth $265,000 after purchasing an additional 34 shares in the last quarter. CWM LLC boosted its holdings in Carlisle Companies by 1.6% during the second quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock valued at $1,005,000 after purchasing an additional 38 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in Carlisle Companies by 5.5% in the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds 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.