Carlisle Companies (NYSE:CSL) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Carlisle Companies Incorporated (NYSE:CSL) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $352.44 and traded as high as $371.75. Carlisle Companies shares last traded at $370.1410, with a volume of 690,367 shares.

Carlisle Companies News Summary

Here are the key news stories impacting Carlisle Companies this week:

• Positive Sentiment: Third-quarter results exceeded expectations. Revenue reached approximately $1.5 billion, up 9% year over year and above the roughly $1.42 billion consensus estimate. Adjusted EPS was a record $5.92, compared with $5.61 a year earlier and slightly ahead of consensus. Reported diluted EPS was $5.22. Carlisle Companies Reports Third Quarter Results
• Positive Sentiment: Management maintained a constructive fourth-quarter outlook. Carlisle expects high-single-digit revenue growth, while pricing actions are expected to help offset elevated raw-material and freight costs. Healthy reroofing demand supported the roofing-focused CCM segment. Carlisle shares jump after third-quarter beat and solid fourth-quarter outlook
• Positive Sentiment: The dividend increase reinforced Carlisle’s shareholder-return profile. The company raised its quarterly dividend by 14%, marking its 50th consecutive annual increase. Carlisle Companies Reports Third Quarter Results
• Neutral Sentiment: Institutional positioning was mixed. Recent filings showed 328 institutional investors adding CSL shares and 403 reducing positions, suggesting varied views among large investors rather than a uniformly bullish signal.
• Negative Sentiment: Profitability remains under pressure. Although adjusted earnings reached a record, reported materials indicate the quarterly margin declined by roughly 210 basis points, and management expects the fourth-quarter adjusted EBITDA margin to be flat year over year. This limits the upside from revenue growth.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSL. Weiss Ratings raised shares of Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Truist Financial decreased their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Robert W. Baird set a $410.00 price objective on shares of Carlisle Companies in a research report on Thursday. Finally, DA Davidson set a $355.00 price objective on shares of Carlisle Companies in a research report on Friday, October 9th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $395.83.

Carlisle Companies Stock Performance

The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. The stock has a market capitalization of $14.70 billion, a PE ratio of 20.92, a P/E/G ratio of 1.09 and a beta of 0.84. The stock has a 50 day moving average of $336.66 and a two-hundred day moving average of $352.44.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share for the quarter, topping analysts’ consensus estimates of $5.89 by $0.03. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. Carlisle Companies had a return on equity of 49.35% and a net margin of 13.78%. Carlisle Companies’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.61 earnings per share. Research analysts expect that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is presently 28.69%.

Hedge Funds Weigh In On Carlisle Companies

A number of large investors have recently made changes to their positions in the stock. Greenfield Seitz Capital Management LLC lifted its position in Carlisle Companies by 0.8% during the third quarter. Greenfield Seitz Capital Management LLC now owns 14,878 shares of the conglomerate’s stock valued at $4,793,000 after buying an additional 111 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Carlisle Companies in the third quarter worth $29,000. ProShare Advisors LLC increased its position in shares of Carlisle Companies by 12.1% in the third quarter. ProShare Advisors LLC now owns 84,282 shares of the conglomerate’s stock worth $27,153,000 after acquiring an additional 9,067 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Carlisle Companies by 30.1% in the third quarter. Vise Technologies Inc. now owns 2,099 shares of the conglomerate’s stock worth $676,000 after acquiring an additional 486 shares in the last quarter. Finally, Grandfield & Dodd LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at $2,190,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.