Carlisle Companies Incorporated (NYSE:CSL) – Equities research analysts at Northcoast Research cut their Q4 2017 EPS estimates for shares of Carlisle Companies in a report released on Wednesday, according to Zacks Investment Research. Northcoast Research analyst K. Hocevar now forecasts that the conglomerate will post earnings of $1.07 per share for the quarter, down from their previous estimate of $1.16. Northcoast Research also issued estimates for Carlisle Companies’ FY2018 earnings at $5.95 EPS.
Other analysts have also recently issued research reports about the company. FBR & Co set a $125.00 price objective on Carlisle Companies and gave the stock a “buy” rating in a report on Wednesday, October 25th. Buckingham Research initiated coverage on Carlisle Companies in a report on Tuesday, September 5th. They set a “buy” rating and a $115.00 price objective on the stock. BMO Capital Markets reissued a “buy” rating and set a $130.00 price objective on shares of Carlisle Companies in a report on Friday, September 22nd. SunTrust Banks, Inc. reissued a “buy” rating and set a $120.00 price objective on shares of Carlisle Companies in a report on Wednesday, October 4th. Finally, Robert W. Baird reissued a “buy” rating on shares of Carlisle Companies in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $122.33.
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Carlisle Companies (NYSE:CSL) opened at $109.07 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.14. The firm has a market capitalization of $6,753.42, a price-to-earnings ratio of 20.18, a PEG ratio of 1.37 and a beta of 0.86. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $116.40.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results 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 the consensus estimate of $1.05 billion. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.74 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. bought a new position in Carlisle Companies during the 3rd quarter worth approximately $100,000. NEXT Financial Group Inc grew its position in shares of Carlisle Companies by 39.3% in 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 last quarter. Toronto Dominion Bank bought a new stake in shares of Carlisle Companies in the 3rd quarter worth approximately $126,000. Creative Planning grew its position in shares of Carlisle Companies by 8.8% in 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 last quarter. Finally, Marble Harbor Investment Counsel LLC bought a new stake in shares of Carlisle Companies in the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 91.03% of the company’s stock.
In related news, insider John E. Berlin sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total transaction of $589,437.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.12% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. Carlisle Companies’s dividend payout ratio is 29.31%.
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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