Carlisle Companies (NYSE:CSL) Upgraded to “Moderate Buy” at Raymond James Financial

Raymond James Financial upgraded shares of Carlisle Companies (NYSE:CSL) to a moderate buy rating in a report published on Monday,Zacks.com reports.

Several other analysts have also recently weighed in on the company. Truist Financial boosted their price objective on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Oppenheimer raised their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Finally, Robert W. Baird upped their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Price Performance

Carlisle Companies stock traded down $6.58 on Monday, reaching $350.48. The company’s stock had a trading volume of 33,346 shares, compared to its average volume of 445,663. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.49 and a current ratio of 3.38. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.15 and a beta of 0.95. The business’s fifty day moving average price is $357.41 and its 200 day moving average price is $345.49. Carlisle Companies has a twelve month low of $293.43 and a twelve month high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company posted $3.61 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts expect that Carlisle Companies will post 20.99 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, May 18th. Carlisle Companies’s payout ratio is 25.87%.

Insider Activity at Carlisle Companies

In other news, insider Stephen Schwar sold 6,049 shares of Carlisle Companies stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the sale, the insider directly owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. This trade represents a 41.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David W. Smith sold 1,800 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total value of $745,290.00. Following the sale, the vice president owned 3,697 shares in the company, valued at approximately $1,530,742.85. This trade represents a 32.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,289 shares of company stock valued at $28,125,467 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carlisle Companies

Several large investors have recently modified their holdings of CSL. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies in the fourth quarter valued at $27,000. Osterweis Capital Management Inc. acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $36,000. Torren Management LLC bought a new position in shares of Carlisle Companies during the fourth quarter worth about $33,000. SBI Securities Co. Ltd. lifted its stake in shares of Carlisle Companies by 43.0% in the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after acquiring an additional 34 shares during the period. Finally, Quarry LP acquired a new stake in Carlisle Companies during the 4th quarter valued at approximately $36,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.