Carlisle Companies (NYSE:CSL) Hits New 1-Year Low – What’s Next?

Shares of Carlisle Companies Incorporated (NYSE:CSL) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $338.39 and last traded at $340.98, with a volume of 68865 shares trading hands. The stock had previously closed at $343.12.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Robert W. Baird dropped their price objective on 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 began coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. The Goldman Sachs Group decreased their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. 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 report on Friday, January 10th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Price Performance

The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The company has a 50 day simple moving average of $377.47 and a 200 day simple moving average of $413.16. The stock has a market cap of $14.84 billion, a P/E ratio of 12.04, a PEG ratio of 1.05 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $4.17 EPS. Sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.20%. Carlisle Companies’s dividend payout ratio is 14.48%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Carlisle Companies in the third quarter valued at approximately $25,000. TD Private Client Wealth LLC lifted its holdings in Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 57 shares during the last quarter. True Wealth Design LLC boosted its position in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares during the period. Quarry LP boosted its position in Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 57 shares during the period. Finally, GeoWealth Management LLC increased its holdings in shares of Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds 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.