Carlisle Companies (CSL) Stock Rating Reaffirmed by Oppenheimer
A number of other equities research analysts have also recently weighed in on the company. SunTrust Banks upped their price target on Carlisle Companies from $132.00 to $135.00 and gave the stock a buy rating in a report on Monday, October 1st. Longbow Research restated a hold rating on shares of Carlisle Companies in a report on Monday, September 24th. B. Riley set a $145.00 price target on Carlisle Companies and gave the stock a buy rating in a report on Friday, October 19th. BMO Capital Markets increased their target price on Carlisle Companies from $135.00 to $140.00 and gave the company an outperform rating in a report on Friday, September 7th. Finally, Zacks Investment Research cut Carlisle Companies from a buy rating to a hold rating in a report on Monday, August 13th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $128.50.
CSL opened at $105.03 on Friday. The company has a market capitalization of $6.26 billion, a P/E ratio of 18.99, a PEG ratio of 1.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.55 and a current ratio of 3.27. Carlisle Companies has a 1-year low of $92.16 and a 1-year high of $129.47.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, November 16th. Carlisle Companies’s dividend payout ratio (DPR) is presently 28.93%.
In other Carlisle Companies news, Director David A. Roberts sold 36,533 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $127.52, for a total transaction of $4,658,688.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Ontario Teachers Pension Plan Board acquired a new stake in shares of Carlisle Companies during the second quarter worth $248,000. Janus Henderson Group PLC boosted its holdings in shares of Carlisle Companies by 4.4% during the second quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock worth $464,263,000 after purchasing an additional 181,769 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Carlisle Companies by 2.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 24,915 shares of the conglomerate’s stock worth $2,699,000 after purchasing an additional 690 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Carlisle Companies by 20.2% during the second quarter. Marshall Wace LLP now owns 19,106 shares of the conglomerate’s stock worth $2,069,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of Carlisle Companies by 72.0% during the second quarter. Meadow Creek Investment Management LLC now owns 44,506 shares of the conglomerate’s stock worth $4,820,000 after purchasing an additional 18,634 shares during the last quarter. Hedge funds and other institutional investors own 87.07% of the company’s stock.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
Further Reading: Fiduciary
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