Carlisle Companies (NYSE:CSL) Reaches New 12-Month Low – What’s Next?

Shares of Carlisle Companies Incorporated (NYSE:CSL) hit a new 52-week low on Saturday . The stock traded as low as $312.60 and last traded at $326.87, with a volume of 834299 shares traded. The stock had previously closed at $327.10.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CSL shares. Oppenheimer reiterated an “outperform” rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Loop Capital dropped their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Stock Performance

The company has a market cap of $14.43 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.03 and a beta of 0.94. The firm’s 50 day simple moving average is $348.76 and its 200-day simple moving average is $398.77. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period in the prior year, the company earned $4.17 EPS. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Insider Activity at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CSL. Quarry LP lifted its stake in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 57 shares during the last quarter. Quantinno Capital Management LP lifted its position in Carlisle Companies by 417.9% in the third quarter. Quantinno Capital Management LP now owns 7,867 shares of the conglomerate’s stock valued at $3,538,000 after buying an additional 6,348 shares during the last quarter. Stifel Financial Corp boosted its stake in Carlisle Companies by 17.3% during the third quarter. Stifel Financial Corp now owns 37,599 shares of the conglomerate’s stock worth $16,909,000 after buying an additional 5,555 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Carlisle Companies during the third quarter valued at about $1,414,000. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Carlisle Companies by 19.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 3,937 shares of the conglomerate’s stock valued at $1,646,000 after acquiring an additional 653 shares during 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.