Carlisle Companies (NYSE:CSL) Sets New 1-Year Low – Here’s Why

Shares of Carlisle Companies Incorporated (NYSE:CSL) reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $312.60 and last traded at $326.87, with a volume of 834299 shares trading hands. The stock had previously closed at $327.10.

Wall Street Analyst Weigh In

CSL has been the subject of a number of research analyst reports. Loop Capital lowered their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Oppenheimer restated an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, The Goldman Sachs Group reduced their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Carlisle Companies Stock Down 0.1 %

The business has a 50-day simple moving average of $348.76 and a 200-day simple moving average of $398.77. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period in the previous year, the business earned $4.17 EPS. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.22%. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.48%.

Insider Buying and Selling

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares of the company’s stock, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mehul Patel sold 150 shares of the stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSL. Quarry LP boosted its holdings in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares in the last quarter. Quantinno Capital Management LP lifted its position in Carlisle Companies by 417.9% in the third quarter. Quantinno Capital Management LP now owns 7,867 shares of the conglomerate’s stock valued at $3,538,000 after acquiring an additional 6,348 shares during the last quarter. Stifel Financial Corp boosted its stake in Carlisle Companies by 17.3% in the third quarter. Stifel Financial Corp now owns 37,599 shares of the conglomerate’s stock valued at $16,909,000 after acquiring an additional 5,555 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Carlisle Companies during the third quarter worth about $1,414,000. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Carlisle Companies by 19.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 3,937 shares of the conglomerate’s stock worth $1,646,000 after purchasing an additional 653 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Company Profile

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.