Carlisle Companies (CSL) Reaches New 12-Month High at $116.34
Carlisle Companies Incorporated (NYSE:CSL) shares reached a new 52-week high on Monday . The stock traded as high as $116.34 and last traded at $113.57, with a volume of 305900 shares. The stock had previously closed at $114.97.
CSL has been the topic of several recent analyst reports. FBR & Co set a $125.00 target price on Carlisle Companies and gave the stock a “buy” rating in a report on Wednesday, October 25th. Buckingham Research initiated coverage on Carlisle Companies in a report on Tuesday, September 5th. They set a “buy” rating and a $115.00 target price on the stock. BMO Capital Markets reiterated a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a report on Friday, September 22nd. SunTrust Banks reiterated a “buy” rating and set a $120.00 target price on shares of Carlisle Companies in a report on Wednesday, October 4th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Carlisle Companies in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $122.33.
The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43. The company has a market cap of $7,185.46, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.47 and a beta of 0.88.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.02. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 earnings per share. sell-side analysts forecast that Carlisle Companies Incorporated will post 4.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.37 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.29%. Carlisle Companies’s dividend payout ratio (DPR) is 29.31%.
Institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Carlisle Companies in the third quarter valued at about $100,000. Toronto Dominion Bank bought a new stake in shares of Carlisle Companies in the third quarter valued at about $126,000. Creative Planning lifted its holdings in shares of Carlisle Companies by 8.8% in the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after purchasing an additional 150 shares in the last quarter. Marble Harbor Investment Counsel LLC bought a new stake in shares of Carlisle Companies in the third quarter valued at about $201,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Carlisle Companies by 3.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 88.99% of the company’s stock.
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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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