Carlisle Companies (NYSE:CSL) Earns Outperform Rating from Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Carlisle Companies (NYSE:CSL) in a research note published on Wednesday morning, Benzinga reports. Oppenheimer currently has a $480.00 price objective on the conglomerate’s stock, up from their prior price objective of $475.00.

A number of other equities analysts have also weighed in on CSL. StockNews.com lowered shares of Carlisle Companies from a buy rating to a hold rating in a research report on Tuesday, August 27th. Robert W. Baird raised their target price on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an outperform rating in a research report on Monday, July 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $433.00.

Carlisle Companies Price Performance

CSL stock opened at $402.16 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The stock’s 50 day moving average price is $410.00 and its 200 day moving average price is $398.13. The firm has a market cap of $19.14 billion, a P/E ratio of 23.31, a PEG ratio of 1.37 and a beta of 0.90. Carlisle Companies has a 1 year low of $235.79 and a 1 year high of $443.87.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company earned $5.18 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Carlisle Companies will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.99%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio (DPR) is 23.19%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the transaction, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Carlisle Companies news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction on Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the transaction, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds have recently made changes to their positions in the stock. First Trust Direct Indexing L.P. acquired a new position in shares of Carlisle Companies during the 4th quarter valued at $232,000. Spire Wealth Management lifted its holdings in shares of Carlisle Companies by 2,643.8% during the 4th quarter. Spire Wealth Management now owns 878 shares of the conglomerate’s stock valued at $271,000 after acquiring an additional 846 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Carlisle Companies during the 4th quarter valued at $238,000. Apollon Wealth Management LLC acquired a new position in shares of Carlisle Companies during the 4th quarter valued at $217,000. Finally, Principal Securities Inc. acquired a new position in shares of Carlisle Companies during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

About Carlisle Companies

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.