Carlisle Companies, Inc. (NYSE:CSL) – Analysts at SunTrust Banks cut their Q3 2019 earnings estimates for Carlisle Companies in a note issued to investors on Thursday, October 18th, according to Zacks Investment Research. SunTrust Banks analyst C. Brady now expects that the conglomerate will post earnings of $2.06 per share for the quarter, down from their previous forecast of $2.07. SunTrust Banks currently has a “Buy” rating and a $135.00 price objective on the stock.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.14). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. Carlisle Companies’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.37 earnings per share.
Other research analysts have also issued reports about the stock. ValuEngine raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Robert W. Baird raised their price objective on shares of Carlisle Companies from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. B. Riley raised their price objective on shares of Carlisle Companies from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research raised shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a report on Monday, July 30th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $135.00 price target on shares of Carlisle Companies in a report on Friday, July 27th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Carlisle Companies has a consensus rating of “Hold” and an average price target of $129.80.
CSL stock traded down $0.02 during mid-day trading on Friday, hitting $102.01. 448,979 shares of the company were exchanged, compared to its average volume of 607,971. The firm has a market cap of $6.05 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.21 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.27 and a quick ratio of 2.55. Carlisle Companies has a twelve month low of $92.16 and a twelve month high of $129.47.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Broadview Advisors LLC boosted its holdings in shares of Carlisle Companies by 1.1% in the 3rd quarter. Broadview Advisors LLC now owns 95,375 shares of the conglomerate’s stock valued at $11,617,000 after buying an additional 1,000 shares during the period. Elk Creek Partners LLC boosted its holdings in shares of Carlisle Companies by 1.3% in the 3rd quarter. Elk Creek Partners LLC now owns 57,077 shares of the conglomerate’s stock valued at $6,952,000 after buying an additional 706 shares during the period. FMR LLC boosted its holdings in shares of Carlisle Companies by 0.8% in the 3rd quarter. FMR LLC now owns 392,421 shares of the conglomerate’s stock valued at $47,797,000 after buying an additional 3,136 shares during the period. Globeflex Capital L P boosted its holdings in shares of Carlisle Companies by 15.4% in the 3rd quarter. Globeflex Capital L P now owns 14,832 shares of the conglomerate’s stock valued at $1,807,000 after buying an additional 1,983 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Carlisle Companies by 145.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 33,499 shares of the conglomerate’s stock valued at $4,079,000 after buying an additional 19,861 shares during the period. 90.96% of the stock is owned by institutional investors and hedge funds.
In other news, Director David A. Roberts sold 36,533 shares of Carlisle Companies stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $127.52, for a total value of $4,658,688.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.40% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, November 16th. Carlisle Companies’s dividend payout ratio (DPR) is presently 28.93%.
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.
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