Carlisle Cos. Inc. (CSL) Shares Gap Up to $98.98
Carlisle Cos. Inc. (NYSE:CSL) gapped up before the market opened on Monday . The stock had previously closed at $98.54, but opened at $98.98. Carlisle Cos. shares last traded at $99.66, with a volume of 90,278 shares trading hands.
A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Carlisle Cos. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Robert W. Baird restated an “outperform” rating and set a $108.00 price target on shares of Carlisle Cos. in a research note on Thursday, July 7th. Northcoast Research downgraded Carlisle Cos. from a “buy” rating to a “neutral” rating in a research note on Thursday, June 2nd. Topeka Capital Markets assumed coverage on Carlisle Cos. in a research note on Thursday, May 26th. They set a “buy” rating and a $118.00 price objective for the company. Finally, SunTrust Banks Inc. assumed coverage on Carlisle Cos. in a research note on Thursday, June 16th. They set a “buy” rating and a $120.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Carlisle Cos. has a consensus rating of “Buy” and an average price target of $113.57.
The company has a 50-day moving average price of $103.92 and a 200-day moving average price of $102.20. The firm has a market cap of $6.50 billion, a P/E ratio of 17.946 and a beta of 1.26.
Carlisle Cos. (NYSE:CSL) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Carlisle Cos. had a return on equity of 15.40% and a net margin of 10.14%. The company earned $996.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business posted $1.54 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that Carlisle Cos. Inc. will post $5.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This is a boost from Carlisle Cos.’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 1.41%. Carlisle Cos.’s dividend payout ratio (DPR) is 25.00%.
In other Carlisle Cos. news, VP Scott C. Selbach sold 36,085 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $105.59, for a total value of $3,810,215.15. Following the completion of the sale, the vice president now directly owns 67,112 shares in the company, valued at $7,086,356.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.71% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CSL. Quadrant Capital Group LLC boosted its position in shares of Carlisle Cos. by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 984 shares of the company’s stock valued at $103,000 after buying an additional 17 shares during the last quarter. NEXT Financial Group Inc boosted its position in shares of Carlisle Cos. by 47.9% in the second quarter. NEXT Financial Group Inc now owns 1,158 shares of the company’s stock valued at $122,000 after buying an additional 375 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Carlisle Cos. during the second quarter valued at about $141,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Carlisle Cos. during the second quarter valued at about $201,000. Finally, Burney Co. purchased a new position in shares of Carlisle Cos. during the second quarter valued at about $202,000. Institutional investors own 88.94% of the company’s stock.
Carlisle Cos. Company Profile
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).
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