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.

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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.

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