Carlisle Companies (NYSE:CSL) Reaches New 12-Month High – Here’s What Happened

Carlisle Companies Incorporated (NYSE:CSL)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $457.00 and last traded at $455.94, with a volume of 72967 shares traded. The stock had previously closed at $454.48.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 target price (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Robert W. Baird lifted their price objective on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus target price of $468.75.

Carlisle Companies Trading Down 1.3 %

The company has a market cap of $21.91 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The business has a 50 day simple moving average of $416.51 and a two-hundred day simple moving average of $409.93.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company earned $5.18 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared 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. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 annualized dividend and a yield of 0.87%. Carlisle Companies’s dividend payout ratio is 23.19%.

Insider Buying and Selling at Carlisle Companies

In other news, CFO Kevin P. Zdimal sold 21,470 shares of the 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 completion of the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $15,157,760.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CSL. V Square Quantitative Management LLC acquired a new stake in Carlisle Companies during the fourth quarter valued at approximately $31,000. ORG Partners LLC bought a new position in shares of Carlisle Companies during the second quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $32,000. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $39,000. Finally, Sound Income Strategies LLC lifted its stake in Carlisle Companies by 564.7% in the first quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock valued at $44,000 after buying an additional 96 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

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.