Carlisle Companies (NYSE:CSL) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Carlisle Companies (NYSE:CSL) from a buy rating to a hold rating in a research report report published on Tuesday.

Separately, Robert W. Baird raised their price target on Carlisle Companies from $465.00 to $500.00 and gave the company an outperform rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $423.00.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $413.76 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies has a 1 year low of $235.79 and a 1 year high of $443.87. The business has a fifty day simple moving average of $410.59 and a 200 day simple moving average of $395.44. The firm has a market cap of $19.69 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.31 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company earned $5.18 earnings per share. Carlisle Companies’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Carlisle Companies will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.97%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Tuesday, August 20th. Carlisle Companies’s payout ratio is presently 23.19%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the transaction, the chief financial officer now owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CSL. International Assets Investment Management LLC bought a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $47,830,000. Signaturefd LLC raised its position in Carlisle Companies by 25.5% in the 4th quarter. Signaturefd LLC now owns 246 shares of the conglomerate’s stock worth $77,000 after purchasing an additional 50 shares during the last quarter. CWM LLC raised its position in Carlisle Companies by 11.2% in the 4th quarter. CWM LLC now owns 2,445 shares of the conglomerate’s stock worth $764,000 after purchasing an additional 247 shares during the last quarter. Victory Capital Management Inc. raised its position in Carlisle Companies by 3.6% in the 4th quarter. Victory Capital Management Inc. now owns 139,734 shares of the conglomerate’s stock worth $43,657,000 after purchasing an additional 4,862 shares during the last quarter. Finally, First Trust Direct Indexing L.P. bought a new position in Carlisle Companies in the 4th quarter worth approximately $232,000. Institutional investors own 89.52% of the company’s stock.

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.