Carlisle Companies (NYSE:CSL) Reaches New 12-Month High at $393.00

Carlisle Companies Incorporated (NYSE:CSL) hit a new 52-week high on Thursday . The company traded as high as $393.00 and last traded at $393.00, with a volume of 8460 shares changing hands. The stock had previously closed at $388.62.

Analysts Set New Price Targets

CSL has been the subject of a number of recent analyst reports. Robert W. Baird upped their target price on Carlisle Companies from $365.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Oppenheimer increased their price objective on shares of Carlisle Companies from $355.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $331.67.

Carlisle Companies Stock Performance

The stock’s 50-day simple moving average is $345.76 and its 200 day simple moving average is $301.98. The company has a market capitalization of $18.78 billion, a PE ratio of 25.50, a P/E/G ratio of 1.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.70. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.92 earnings per share. As a group, research analysts expect that Carlisle Companies Incorporated will post 18.51 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) is 22.31%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP David W. Smith sold 700 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,255 shares of company stock valued at $5,231,360. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. raised its position in Carlisle Companies by 48.1% in the 1st quarter. Citigroup Inc. now owns 20,327 shares of the conglomerate’s stock worth $4,998,000 after purchasing an additional 6,603 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Carlisle Companies by 0.6% during the first quarter. Great West Life Assurance Co. Can now owns 29,831 shares of the conglomerate’s stock valued at $7,549,000 after purchasing an additional 176 shares during the period. Raymond James Trust N.A. increased its holdings in shares of Carlisle Companies by 3.5% in the first quarter. Raymond James Trust N.A. now owns 2,160 shares of the conglomerate’s stock worth $531,000 after acquiring an additional 73 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of Carlisle Companies by 7.9% in the first quarter. Synovus Financial Corp now owns 4,958 shares of the conglomerate’s stock valued at $1,206,000 after buying an additional 363 shares during the period. Finally, Sei Investments Co. raised its position in Carlisle Companies by 23.6% in the 1st quarter. Sei Investments Co. now owns 53,110 shares of the conglomerate’s stock valued at $13,028,000 after buying an additional 10,150 shares during the last quarter. 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.