Carlisle Companies (NYSE:CSL) Hits New 1-Year Low - Should You Sell?

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report)'s stock price reached a new 52-week low on Saturday . The company traded as low as $312.60 and last traded at $326.87, with a volume of 834299 shares trading hands. The stock had previously closed at $327.10.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CSL shares. Oppenheimer reissued an "outperform" rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Loop Capital decreased their price target on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, The Goldman Sachs Group dropped their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $476.00.

Carlisle Companies Trading Down 3.1 %

The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $14.65 billion, a PE ratio of 12.04, a P/E/G ratio of 1.03 and a beta of 0.94. The stock has a 50 day moving average price of $342.35 and a 200-day moving average price of $395.50.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business earned $4.17 EPS. Sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.21%. Carlisle Companies's dividend payout ratio is currently 14.48%.

Insider Transactions at Carlisle Companies

In other news, VP Mehul Patel sold 150 shares of the firm's stock in a transaction dated 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 owns 815 shares of the company's stock, valued at $285,681.95. This trade represents a 15.54 % 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, Director Jonathan R. Collins sold 1,050 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the transaction, the director now owns 2,665 shares of the company's stock, valued at approximately $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. Corporate insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Carlisle Companies

Large investors have recently added to or reduced their stakes in the company. Pensionfund Sabic purchased a new position in shares of Carlisle Companies during the 4th quarter valued at $1,291,000. Geode Capital Management LLC raised its holdings in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock valued at $391,827,000 after acquiring an additional 102,436 shares during the period. Nordea Investment Management AB lifted its position in shares of Carlisle Companies by 3.9% in the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock valued at $1,440,000 after acquiring an additional 145 shares in the last quarter. Moody National Bank Trust Division bought a new position in shares of Carlisle Companies in the fourth quarter worth about $872,000. Finally, Asset Management One Co. Ltd. grew its position in shares of Carlisle Companies by 5.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock worth $7,695,000 after purchasing an additional 1,102 shares in the last quarter. Hedge funds and other 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.