Carlisle Companies (NYSE:CSL) Posts Earnings Results

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

Carlisle Companies Stock Down 9.0 %

NYSE:CSL opened at $342.29 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies has a one year low of $313.56 and a one year high of $481.26. The firm’s 50 day simple moving average is $396.31 and its 200 day simple moving average is $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 Dividend Announcement

The company 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 $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Analyst Ratings Changes

Several analysts have recently issued reports on CSL shares. The Goldman Sachs Group decreased their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Robert W. Baird cut their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Truist Financial started coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Loop Capital dropped their price objective on 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

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.