Carlisle Companies’ (CSL) Outperform Rating Reiterated at Oppenheimer

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

CSL has been the subject of several other reports. Truist Financial began coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Robert W. Baird decreased their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and an average price target of $470.00.

Carlisle Companies Stock Performance

NYSE:CSL opened at $378.27 on Friday. The firm has a market capitalization of $17.15 billion, a PE ratio of 13.39, a PEG ratio of 1.41 and a beta of 0.92. Carlisle Companies has a 1 year low of $297.25 and a 1 year high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $440.00 and its 200 day simple moving average is $425.65.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results 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 net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business posted $4.68 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Carlisle Companies will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

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

Insider Activity

In other news, VP David W. Smith sold 275 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Carlisle Companies

A number of large investors have recently bought and sold shares of CSL. Resonant Capital Advisors LLC lifted its position in Carlisle Companies by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock valued at $332,000 after purchasing an additional 24 shares during the period. Tributary Capital Management LLC raised its stake in shares of Carlisle Companies by 1.1% during the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock worth $1,023,000 after buying an additional 24 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in Carlisle Companies by 1.6% in the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock valued at $719,000 after buying an additional 25 shares during the period. Equitable Trust Co. lifted its holdings in Carlisle Companies by 0.3% in the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock valued at $3,874,000 after buying an additional 25 shares during the period. Finally, Metis Global Partners LLC boosted its stake in Carlisle Companies by 5.2% in the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock valued at $273,000 after acquiring an additional 30 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

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.