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.
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