Carlisle Companies, Inc. (NYSE:CSL) – Equities research analysts at Northcoast Research lowered their FY2018 earnings per share (EPS) estimates for Carlisle Companies in a research note issued to investors on Wednesday, October 24th, according to Zacks Investment Research. Northcoast Research analyst K. Hocevar now anticipates that the conglomerate will post earnings of $5.52 per share for the year, down from their prior forecast of $5.88. Northcoast Research also issued estimates for Carlisle Companies’ Q4 2018 earnings at $1.15 EPS and FY2019 earnings at $6.90 EPS.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.14). Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm posted $1.37 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis.
Other equities research analysts also recently issued research reports about the stock. SunTrust Banks lifted their target price on shares of Carlisle Companies from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. ValuEngine raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Robert W. Baird lifted their target price on shares of Carlisle Companies from $124.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. B. Riley lifted their target price on shares of Carlisle Companies from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research raised shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Monday, July 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $128.50.
NYSE:CSL traded up $0.09 during trading hours on Thursday, reaching $105.10. The company had a trading volume of 356,356 shares, compared to its average volume of 472,380. The company has a current ratio of 3.27, a quick ratio of 2.55 and a debt-to-equity ratio of 0.59. Carlisle Companies has a 52 week low of $92.16 and a 52 week high of $129.47. The company has a market cap of $6.17 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10.
Several hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of Carlisle Companies by 4.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock valued at $464,263,000 after acquiring an additional 181,769 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Carlisle Companies by 178.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,707,543 shares of the conglomerate’s stock valued at $184,943,000 after buying an additional 1,094,184 shares in the last quarter. Select Equity Group L.P. lifted its stake in shares of Carlisle Companies by 82.3% during the 3rd quarter. Select Equity Group L.P. now owns 1,394,484 shares of the conglomerate’s stock valued at $169,848,000 after buying an additional 629,420 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Carlisle Companies by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 932,758 shares of the conglomerate’s stock valued at $101,031,000 after buying an additional 26,245 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Carlisle Companies during the 3rd quarter valued at $65,970,000. 90.50% of the stock is owned by hedge funds and other institutional investors.
In other news, Director David A. Roberts sold 36,533 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $127.52, for a total transaction of $4,658,688.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, November 16th. Carlisle Companies’s payout ratio is 28.93%.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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