Carlisle Companies Incorporated (CSL) PT Set at $125.00 by FBR & Co

FBR & Co set a $125.00 price target on Carlisle Companies Incorporated (NYSE:CSL) in a report issued on Wednesday, October 25th. The firm currently has a buy rating on the conglomerate’s stock. FBR & Co also issued estimates for Carlisle Companies’ Q4 2017 earnings at $1.02 EPS and FY2017 earnings at $4.91 EPS.

CSL has been the subject of several other reports. SunTrust Banks, Inc. reissued a buy rating and set a $120.00 price target on shares of Carlisle Companies in a research report on Wednesday, October 4th. Buckingham Research assumed coverage on Carlisle Companies in a research report on Tuesday, September 5th. They set a buy rating and a $115.00 price target for the company. Zacks Investment Research lowered Carlisle Companies from a hold rating to a sell rating in a research note on Thursday, July 6th. BMO Capital Markets restated a buy rating and issued a $130.00 price objective on shares of Carlisle Companies in a research note on Friday, September 22nd. Finally, Oppenheimer Holdings, Inc. restated a hold rating on shares of Carlisle Companies in a research note on Sunday, August 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $122.33.

Shares of Carlisle Companies (NYSE CSL) opened at $109.07 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $6,758.41, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.37 and a beta of 0.86. Carlisle Companies has a fifty-two week low of $92.09 and a fifty-two week high of $116.40.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.02. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. Carlisle Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 earnings per share. sell-side analysts predict that Carlisle Companies will post 4.97 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, November 16th. Carlisle Companies’s dividend payout ratio is presently 29.31%.

In related news, insider John E. Berlin sold 6,250 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total transaction of $589,437.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.12% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. acquired a new position in Carlisle Companies during the 3rd quarter worth about $100,000. NEXT Financial Group Inc lifted its holdings in Carlisle Companies by 39.3% during the 2nd quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock worth $104,000 after buying an additional 308 shares during the period. Toronto Dominion Bank acquired a new position in Carlisle Companies during the 3rd quarter worth about $126,000. Creative Planning lifted its holdings in Carlisle Companies by 8.8% during the 2nd quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock worth $177,000 after buying an additional 150 shares during the period. Finally, Marble Harbor Investment Counsel LLC acquired a new position in Carlisle Companies during the 3rd quarter worth about $201,000. 91.03% of the stock is currently owned by institutional investors.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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