Carlisle Cos. Inc. (NYSE:CSL) was downgraded by Longbow Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, The Fly reports. The analysts noted that the move was a valuation call.
Separately, Zacks Investment Research lowered shares of Carlisle Cos. from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $113.57.
Shares of Carlisle Cos. (NYSE:CSL) opened at 114.37 on Tuesday. Carlisle Cos. has a 12-month low of $75.17 and a 12-month high of $116.02. The stock’s 50 day moving average price is $107.68 and its 200-day moving average price is $104.62. The company has a market cap of $7.38 billion, a PE ratio of 29.35 and a beta of 0.77.
Carlisle Cos. (NYSE:CSL) last released its earnings results on Tuesday, October 25th. The company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.05. The firm earned $991 million during the quarter, compared to analyst estimates of $1.03 billion. Carlisle Cos. had a net margin of 6.99% and a return on equity of 15.66%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.56 EPS. On average, equities research analysts forecast that Carlisle Cos. will post $5.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 15th. Carlisle Cos.’s dividend payout ratio is currently 35.99%.
In other news, insider John W. Altmeyer sold 51,505 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $111.24, for a total transaction of $5,729,416.20. Following the completion of the transaction, the insider now owns 210,565 shares of the company’s stock, valued at $23,423,250.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.71% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Palo Capital Inc. raised its position in shares of Carlisle Cos. by 112.7% in the second quarter. Palo Capital Inc. now owns 25,480 shares of the company’s stock worth $2,692,000 after buying an additional 13,499 shares in the last quarter. First Quadrant L P CA boosted its stake in Carlisle Cos. by 0.4% in the second quarter. First Quadrant L P CA now owns 273,974 shares of the company’s stock worth $28,954,000 after buying an additional 1,000 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Carlisle Cos. during the second quarter worth $141,000. Boston Common Asset Management LLC boosted its stake in Carlisle Cos. by 1.1% in the second quarter. Boston Common Asset Management LLC now owns 67,608 shares of the company’s stock worth $7,145,000 after buying an additional 705 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Carlisle Cos. by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 35,000 shares of the company’s stock worth $3,699,000 after buying an additional 100 shares during the last quarter. 87.56% of the stock is owned by institutional investors and hedge funds.
Carlisle Cos. Company Profile
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).