Carlisle Companies (NYSE:CSL - Free Report) had its price target lowered by The Goldman Sachs Group from $520.00 to $465.00 in a research report sent to investors on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the conglomerate's stock.
CSL has been the topic of several other reports. Robert W. Baird dropped their price objective on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Loop Capital dropped their price target 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. Oppenheimer reaffirmed an "outperform" rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $476.00.
Read Our Latest Stock Analysis on CSL
Carlisle Companies Stock Up 2.4 %
CSL traded up $9.01 during trading on Tuesday, hitting $382.17. 303,264 shares of the company's stock were exchanged, compared to its average volume of 296,033. The stock has a market cap of $17.32 billion, a P/E ratio of 13.52, a PEG ratio of 1.38 and a beta of 0.92. The business's 50 day moving average is $415.87 and its two-hundred day moving average is $420.97. Carlisle Companies has a fifty-two week low of $297.25 and a fifty-two week high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.
Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.68 EPS. As a group, equities analysts expect that Carlisle Companies will post 20.25 earnings per share for the current fiscal year.
Carlisle Companies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 1.05%. Carlisle Companies's payout ratio is 14.15%.
Insider Buying and Selling
In other news, VP David W. Smith sold 275 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company's stock, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.
Institutional Trading of Carlisle Companies
Institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies in the third quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in Carlisle Companies in the 3rd quarter worth approximately $32,000. True Wealth Design LLC lifted its stake in Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after purchasing an additional 70 shares in the last quarter. UMB Bank n.a. boosted its holdings in Carlisle Companies by 317.2% in the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock valued at $54,000 after purchasing an additional 92 shares during the period. Finally, Quarry LP grew its position in shares of 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 purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.
About Carlisle Companies
(
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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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