Carlisle Companies, Inc. (NYSE:CSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.
According to Zacks, “Carlisle Companies Incorporated manufactures and distributes a wide variety of products across a broad range of industries, including, among others, roofing, construction, trucking, automotive, foodservice, industrial equipment, lawn and garden and aircraft manufacturing. They market their products both as a component supplier to original equipment manufacturers, as well as directly to end users. “
A number of other equities research analysts have also issued reports on the stock. BMO Capital Markets reissued a “buy” rating and issued a $130.00 price objective on shares of Carlisle Companies in a report on Friday, January 13th. Longbow Research lowered shares of Carlisle Companies from a “buy” rating to a “neutral” rating in a report on Tuesday, November 29th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating on shares of Carlisle Companies in a report on Tuesday, December 20th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $115.63.
Shares of Carlisle Companies (NYSE:CSL) traded down 0.58% during midday trading on Monday, reaching $107.79. 441,770 shares of the company were exchanged. The firm has a market capitalization of $6.96 billion, a P/E ratio of 28.22 and a beta of 0.77. Carlisle Companies has a 52 week low of $96.55 and a 52 week high of $116.40. The firm has a 50-day moving average of $106.64 and a 200 day moving average of $107.33.
Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, February 9th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.03. Carlisle Companies had a net margin of 6.80% and a return on equity of 15.67%. The business earned $893.50 million during the quarter, compared to analyst estimates of $907 million. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Carlisle Companies will post $6.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 17th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Wednesday, February 15th. Carlisle Companies’s dividend payout ratio is currently 36.75%.
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Several large investors have recently made changes to their positions in CSL. Investec Asset Management LTD purchased a new stake in shares of Carlisle Companies during the fourth quarter worth about $158,233,000. Norges Bank purchased a new stake in shares of Carlisle Companies during the fourth quarter worth about $59,550,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Carlisle Companies by 9.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,785,225 shares of the company’s stock worth $285,681,000 after buying an additional 242,235 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Carlisle Companies by 27.1% in the fourth quarter. AQR Capital Management LLC now owns 918,587 shares of the company’s stock worth $101,311,000 after buying an additional 196,006 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Carlisle Companies by 7.4% in the fourth quarter. State Street Corp now owns 2,568,023 shares of the company’s stock worth $283,229,000 after buying an additional 177,221 shares in the last quarter. 87.64% of the stock is owned by hedge funds and other institutional investors.
About Carlisle Companies
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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