Carlisle Companies, Inc. (NYSE:CSL) has been given a consensus recommendation of “Buy” by the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $139.86.
CSL has been the subject of a number of recent research reports. Oppenheimer upgraded shares of Carlisle Companies to a “buy” rating and set a $125.00 price target for the company in a research note on Wednesday, January 16th. Robert W. Baird set a $134.00 price target on shares of Carlisle Companies and gave the company a “buy” rating in a research note on Friday, February 8th. SunTrust Banks restated a “buy” rating and set a $138.00 price target on shares of Carlisle Companies in a research note on Sunday, February 10th. BMO Capital Markets boosted their price target on shares of Carlisle Companies from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Tuesday, February 19th. Finally, Zacks Investment Research lowered shares of Carlisle Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th.
Shares of CSL stock opened at $136.35 on Thursday. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.96 and a quick ratio of 2.15. Carlisle Companies has a 12 month low of $92.16 and a 12 month high of $142.00.
Carlisle Companies announced that its board has initiated a stock buyback program on Tuesday, February 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. Carlisle Companies’s payout ratio is 25.72%.
In other news, CEO D Christian Koch sold 30,255 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $120.08, for a total value of $3,633,020.40. Following the completion of the sale, the chief executive officer now owns 141,651 shares in the company, valued at approximately $17,009,452.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John E. Berlin sold 15,150 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $124.24, for a total transaction of $1,882,236.00. Following the completion of the sale, the insider now owns 47,221 shares of the company’s stock, valued at approximately $5,866,737.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,865 shares of company stock valued at $8,452,327. Company insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. JOYN Advisors Inc. grew its stake in shares of Carlisle Companies by 195.6% in the 4th quarter. JOYN Advisors Inc. now owns 269 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 178 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in Carlisle Companies during the first quarter valued at about $45,000. Brand Asset Management Group Inc. bought a new position in Carlisle Companies during the first quarter valued at about $36,000. Tributary Capital Management LLC bought a new position in Carlisle Companies during the fourth quarter valued at about $50,000. Finally, Rockefeller Capital Management L.P. bought a new position in Carlisle Companies during the first quarter valued at about $100,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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.
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