Carlisle Companies (NYSE:CSL) Hits New 12-Month High at $415.00

Shares of Carlisle Companies Incorporated (NYSE:CSL) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $415.00 and last traded at $415.00, with a volume of 65991 shares traded. The stock had previously closed at $408.49.

Wall Street Analyst Weigh In

Several analysts recently commented on CSL shares. The Goldman Sachs Group started coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price objective for the company. Robert W. Baird lifted their price objective on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Oppenheimer increased their price target on Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. StockNews.com raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Loop Capital increased their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $416.00.

Carlisle Companies Stock Up 2.3 %

The firm has a fifty day simple moving average of $379.68 and a 200-day simple moving average of $328.38. The company has a market capitalization of $20.01 billion, a PE ratio of 24.07, a P/E/G ratio of 1.36 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $993.06 million. Equities research analysts anticipate that Carlisle Companies Incorporated will post 19.51 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, May 17th. Carlisle Companies’s payout ratio is currently 19.71%.

Insider Activity

In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Carlisle Companies news, VP David W. Smith sold 2,037 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $405.58, for a total value of $826,166.46. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,149,413.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO D Christian Koch sold 6,454 shares of the firm’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 in the company, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,586 shares of company stock worth $3,504,388. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSL. Allworth Financial LP boosted its position in Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 40 shares during the period. V Square Quantitative Management LLC acquired a new stake in Carlisle Companies in the fourth quarter worth about $31,000. Principal Securities Inc. bought a new position in Carlisle Companies in the 4th quarter valued at about $32,000. Tennessee Valley Asset Management Partners acquired a new position in Carlisle Companies during the 4th quarter valued at about $40,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Carlisle Companies by 38.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock worth $43,000 after buying an additional 3,815 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

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.