Carlisle Companies (NYSE:CSL) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Carlisle Companies (NYSE:CSL) announced its quarterly earnings results on Tuesday. The conglomerate reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04, RTT News reports. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. During the same quarter in the prior year, the firm earned $4.17 EPS.

Carlisle Companies Trading Down 9.0 %

Shares of NYSE CSL opened at $342.29 on Thursday. Carlisle Companies has a 1-year low of $313.56 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 company has a 50-day moving average of $396.31 and a two-hundred day moving average of $417.97. The company has a market cap of $15.52 billion, a PE ratio of 12.11, a P/E/G ratio of 1.15 and a beta of 0.96.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s payout ratio is presently 14.15%.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CSL. Oppenheimer reiterated an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. 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 note on Friday, October 25th. Truist Financial initiated coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. The Goldman Sachs Group decreased their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Loop Capital dropped their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average target price of $476.00.

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.