Shares of Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) saw an uptick in trading volume on Friday . 569,912 shares were traded during trading, an increase of 54% from the previous session's volume of 371,172 shares.The stock last traded at $317.76 and had previously closed at $348.23.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target 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 reduced their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Finally, Oppenheimer restated an "outperform" rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Two research 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $476.00.
Get Our Latest Stock Report on Carlisle Companies
Carlisle Companies Stock Down 3.2 %
The company's 50 day moving average is $347.36 and its 200 day moving average is $397.98. The company has a market cap of $13.97 billion, a PE ratio of 11.46, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.
Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same period last year, the business earned $4.17 earnings per share. As a group, analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.
Carlisle Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.26%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's payout ratio is 14.48%.
Insider Buying and Selling at Carlisle Companies
In other news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now 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 disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. TD Private Client Wealth LLC boosted its stake in Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 57 shares in the last quarter. GeoWealth Management LLC boosted its position in shares of Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after purchasing an additional 29 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Carlisle Companies by 95.1% during the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after buying an additional 78 shares during the last quarter. Quarry LP increased its position in Carlisle Companies by 75.0% during the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate's stock valued at $60,000 after buying an additional 57 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock valued at $69,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors 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.
Read More
Before you consider Carlisle Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carlisle Companies wasn't on the list.
While Carlisle Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
