Carlisle Companies Incorporated (NYSE:CSL - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $331.99 and last traded at $331.78, with a volume of 197166 shares changing hands. The stock had previously closed at $340.76.
Analyst Upgrades and Downgrades
CSL has been the subject of several recent research reports. Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a "hold" rating and a $460.00 price target for the company. The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Oppenheimer reaffirmed an "outperform" rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, Loop Capital decreased their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $476.00.
Check Out Our Latest Stock Report on CSL
Carlisle Companies Stock Performance
The stock's 50-day moving average price is $366.69 and its 200 day moving average price is $409.36. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The company has a market cap of $14.98 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99.
Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping the consensus estimate 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 in the prior year, the firm posted $4.17 EPS. As a group, research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.
Carlisle Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.19%. Carlisle Companies's dividend payout ratio is presently 14.48%.
Insider Buying and Selling at Carlisle Companies
In related news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mehul Patel sold 150 shares of the company's stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares of the company's stock, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.
Institutional Trading of Carlisle Companies
Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Carlisle Companies during the fourth quarter worth $208,095,000. Wells Fargo & Company MN lifted its holdings in shares of Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after acquiring an additional 538,990 shares during the period. Madison Investment Advisors LLC acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at about $148,208,000. Inlight Wealth Management LLC bought a new stake in Carlisle Companies in the fourth quarter valued at about $118,038,000. Finally, FMR LLC increased its stake in Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock valued at $429,641,000 after acquiring an additional 218,002 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.
About Carlisle Companies
(
Get Free Report)
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.
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