Carlisle Companies (NYSE:CSL) Sets New 1-Year High at $415.00

Carlisle Companies Incorporated (NYSE:CSL) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $415.00 and last traded at $415.00, with a volume of 65991 shares trading hands. The stock had previously closed at $408.49.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSL shares. StockNews.com raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Loop Capital lifted their price objective on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Robert W. Baird upped their price objective on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Oppenheimer raised their target price on Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group started coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $416.00.

Carlisle Companies Trading Up 2.3 %

The stock has a 50-day moving average price of $379.68 and a two-hundred day moving average price of $328.38. The stock has a market capitalization of $20.01 billion, a PE ratio of 24.07, a PEG ratio of 1.36 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $993.06 million. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 19.51 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a $0.85 dividend. The ex-dividend date is Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a yield of 0.81%. Carlisle Companies’s dividend payout ratio is presently 19.71%.

Insider Buying and Selling at Carlisle Companies

In other news, CAO Stephen Aldrich sold 1,095 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $397.50, for a total value of $435,262.50. Following the transaction, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at $645,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Stephen Aldrich sold 1,095 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at $645,540. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP David W. Smith sold 2,037 shares of Carlisle Companies stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $405.58, for a total value of $826,166.46. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,149,413.72. The disclosure for this sale can be found here. Insiders sold a total of 9,586 shares of company stock valued at $3,504,388 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Birch Hill Investment Advisors LLC lifted its holdings in shares of Carlisle Companies by 50.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock worth $4,491,000 after acquiring an additional 4,820 shares during the last quarter. Banco Santander S.A. purchased a new position in shares of Carlisle Companies during the third quarter valued at approximately $341,000. Exchange Traded Concepts LLC bought a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $1,093,000. Pacer Advisors Inc. lifted its stake in shares of Carlisle Companies by 5,351.1% during the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after acquiring an additional 413,691 shares during the last quarter. Finally, Pathstone Family Office LLC boosted its holdings in Carlisle Companies by 63.6% during the 3rd quarter. Pathstone Family Office LLC now owns 3,152 shares of the conglomerate’s stock valued at $817,000 after acquiring an additional 1,225 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.