Carlisle Companies (NYSE:CSL) Hits New 52-Week High at $431.70

Shares of Carlisle Companies Incorporated (NYSE:CSL) reached a new 52-week high during trading on Thursday . The stock traded as high as $431.70 and last traded at $430.36, with a volume of 108326 shares. The stock had previously closed at $416.88.

Wall Street Analysts Forecast Growth

CSL has been the topic of several recent analyst reports. Oppenheimer raised their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. The Goldman Sachs Group started coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 target price on the stock. Loop Capital increased their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Robert W. Baird increased their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $416.00.

Carlisle Companies Stock Up 2.2 %

The business’s 50 day moving average is $413.41 and its 200 day moving average is $371.41. The company has a market capitalization of $20.27 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $993.06 million. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 19.93 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Friday, May 17th. Carlisle Companies’s dividend payout ratio is presently 19.71%.

Insider Activity

In other news, CEO D Christian Koch sold 54,927 shares of Carlisle Companies stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $36,399,039.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $36,399,039.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen Aldrich sold 1,095 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the sale, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at approximately $645,540. The disclosure for this sale can be found here. Insiders sold a total of 58,059 shares of company stock valued at $24,334,065 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 40 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Carlisle Companies during the 4th quarter valued at about $31,000. Principal Securities Inc. acquired a new position in shares of Carlisle Companies during the 4th quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Carlisle Companies during the 2nd quarter valued at about $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Carlisle Companies during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

About Carlisle Companies

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.