Carlisle Companies Incorporated (NYSE:CSL) – Equities researchers at Oppenheimer Holdings lowered their Q3 2017 earnings estimates for Carlisle Companies in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst J. Giannakouros now anticipates that the conglomerate will earn $1.64 per share for the quarter, down from their previous forecast of $1.85. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Carlisle Companies’ FY2018 earnings at $6.30 EPS.
Several other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. BMO Capital Markets reissued a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research note on Thursday, April 20th. BidaskClub lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, CIBC reissued a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $118.25.
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Shares of Carlisle Companies (NYSE CSL) opened at 95.88 on Friday. Carlisle Companies has a one year low of $94.60 and a one year high of $116.40. The company’s 50 day moving average is $100.60 and its 200-day moving average is $106.24. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 25.82 and a beta of 0.75.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, April 27th. The conglomerate reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Carlisle Companies had a net margin of 6.51% and a return on equity of 15.44%. The business had revenue of $857.30 million for the quarter, compared to analyst estimates of $832.50 million. During the same period last year, the business posted $1.05 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. increased its position in Carlisle Companies by 0.4% in the fourth quarter. First Republic Investment Management Inc. now owns 2,457 shares of the conglomerate’s stock valued at $271,000 after buying an additional 11 shares during the last quarter. Brown Advisory Inc. increased its position in Carlisle Companies by 0.4% in the fourth quarter. Brown Advisory Inc. now owns 3,417 shares of the conglomerate’s stock valued at $377,000 after buying an additional 12 shares during the last quarter. Quadrant Capital Group LLC increased its position in Carlisle Companies by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,008 shares of the conglomerate’s stock valued at $105,000 after buying an additional 25 shares during the last quarter. Huntington National Bank increased its position in Carlisle Companies by 0.5% in the first quarter. Huntington National Bank now owns 5,965 shares of the conglomerate’s stock valued at $634,000 after buying an additional 30 shares during the last quarter. Finally, Eads & Heald Investment Counsel increased its position in Carlisle Companies by 0.7% in the first quarter. Eads & Heald Investment Counsel now owns 14,029 shares of the conglomerate’s stock valued at $1,493,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.
In other Carlisle Companies news, insider John E. Berlin sold 19,860 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $104.55, for a total transaction of $2,076,363.00. Following the transaction, the insider now owns 56,262 shares in the company, valued at $5,882,192.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.12% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $1.40 annualized dividend and a yield of 1.46%. Carlisle Companies’s payout ratio is 37.84%.
Carlisle Companies Company Profile
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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