Carlisle Companies’ (CSL) Buy Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets restated their buy rating on shares of Carlisle Companies Incorporated (NYSE:CSL) in a report published on Friday. BMO Capital Markets currently has a $130.00 target price on the conglomerate’s stock.
Several other brokerages also recently issued reports on CSL. Zacks Investment Research upgraded Carlisle Companies from a sell rating to a hold rating in a report on Monday, September 11th. Buckingham Research assumed coverage on Carlisle Companies in a report on Tuesday, September 5th. They issued a buy rating and a $115.00 price target for the company. Oppenheimer Holdings, Inc. restated a hold rating on shares of Carlisle Companies in a report on Sunday, August 27th. BidaskClub downgraded Carlisle Companies from a hold rating to a sell rating in a report on Saturday, August 5th. Finally, FBR & Co restated an outperform rating and issued a $125.00 price target on shares of Carlisle Companies in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $121.00.
Carlisle Companies (CSL) opened at 100.20 on Friday. The stock has a market cap of $6.33 billion, a PE ratio of 28.32 and a beta of 0.77. The company has a 50-day moving average price of $95.60 and a 200-day moving average price of $100.02. Carlisle Companies has a 52 week low of $92.09 and a 52 week high of $116.40.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.75 EPS. Analysts anticipate that Carlisle Companies will post $5.16 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a dividend of $0.37 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, August 16th. Carlisle Companies’s dividend payout ratio is currently 41.93%.
In other news, insider John E. Berlin sold 6,250 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.12% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CSL. NEXT Financial Group Inc boosted its position in Carlisle Companies by 39.3% during the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after purchasing an additional 308 shares during the last quarter. Creative Planning boosted its position in Carlisle Companies by 8.8% during the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after purchasing an additional 150 shares during the last quarter. Fairfax Financial Holdings Ltd Can acquired a new position in Carlisle Companies during the first quarter valued at approximately $202,000. Raymond James Financial Services Advisors Inc. boosted its position in Carlisle Companies by 3.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 75 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new position in Carlisle Companies during the second quarter valued at approximately $253,000. 88.55% of the stock is owned by hedge funds and other institutional investors.
About Carlisle Companies
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.
Receive News & Ratings for Carlisle Companies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.