Carlisle Companies (NYSE:CSL) Shares Rising Spread on Earnings Pace
Carlisle Companies Incorporated (NYSE:CSL) widened ahead of trading on Friday after the company reported better-than-expected quarterly results. The stock had previously closed at $224.56, but opened at $235.09. Shares of Carlisle Companies last traded at $242.17, with volume of 2,531 shares changing hands. The conglomerate reported EPS of $2.92 for the quarter, beating consensus analyst estimates of $2.67 by $0.25. Carlisle Companies had a net margin of 8.16% and a return on equity of 17.46%. The company posted revenue of $1.38 billion in the quarter, compared to analysts’ estimates of $1.29 billion. In the same quarter of the previous year, the company achieved EPS of $1.48. The company’s quarterly revenue increased by 39.2% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 1. Shareholders of record on Friday, February 18 will receive a dividend of $0.54 per share. This represents a dividend of $2.16 on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, February 17. Carlisle Companies’ dividend payout ratio is currently 30.86%.
A number of analysts have commented on the stock. Oppenheimer raised his target price on Carlisle Companies shares from $275.00 to $300.00 in a report released Friday. Robert W. Baird raised his price target on Carlisle Companies stock from $280.00 to $300.00 in a report on Friday. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “strong-buy” rating and set a price target of $243.00 for the stock in a Tuesday, October 26 research note. Loop Capital raised its target price on Carlisle Companies from $270.00 to $285.00 in a report on Friday. Finally, Zelman & Associates began covering Carlisle Companies in a report on Monday, November 15. They issued a “buy” rating for the company. One analyst gave the stock a hold rating, seven gave the company a buy rating and one gave the company a strong buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $263.83.
Major investors have recently been buying and selling stocks. Virtu Financial LLC purchased a new stock position in Carlisle Companies during the second quarter for a value of approximately $230,000. Pacer Advisors Inc. increased its stake in Carlisle Companies by 27.1% in the third quarter. Pacer Advisors Inc. now owns 7,137 shares of the conglomerate valued at $1,419,000 after buying 1,521 additional shares last quarter. Birch Hill Investment Advisors LLC increased its stake in Carlisle Companies by 11.4% in the third quarter. Birch Hill Investment Advisors LLC now owns 8,234 shares of the conglomerate valued at $1,637,000 after buying 840 additional shares last quarter. Mercer Global Advisors Inc. ADV increased its stake in Carlisle Companies by 3.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 18,071 shares of the conglomerate valued at $3,592,000 after buying 602 additional shares last quarter. Finally, Parsons Capital Management Inc. RI increased its stake in Carlisle Companies by 4.0% in the third quarter. Parsons Capital Management Inc. RI now owns 6,956 shares of the conglomerate valued at $1,383,000 after purchasing an additional 270 shares last quarter. Institutional investors and hedge funds hold 93.82% of the company’s shares.
The company has a quick ratio of 1.80, a current ratio of 2.45 and a leverage ratio of 1.15. The stock has a 50-day simple moving average of $234.61 and a two-hundred-day simple moving average of $221.32. The stock has a market capitalization of $12.56 billion, a P/E ratio of 34.60, a P/E/G ratio of 1.09 and a beta of 1.11.
Company Profile Carlisle Companies (NYSE:CSL)
Carlisle Cos., Inc. engages in the manufacture and distribution of engineered products for original and aftermarket equipment channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies and Carlisle Brake & Friction.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Carlisle Companies right now?
Before you consider Carlisle Companies, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Carlisle Companies was not on the list.
While Carlisle Companies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here