Carlisle Companies (NYSE:CSL) Cut to Sell at StockNews.com

StockNews.com lowered shares of Carlisle Companies (NYSE:CSL - Free Report) from a hold rating to a sell rating in a report issued on Monday.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group reduced their price target on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Truist Financial cut their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Robert W. Baird increased their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Loop Capital cut their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $454.00.

Carlisle Companies Stock Performance

Shares of CSL stock traded up $6.68 during trading hours on Monday, hitting $386.47. The company's stock had a trading volume of 263,668 shares, compared to its average volume of 390,829. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average of $344.86 and a 200 day moving average of $385.66. Carlisle Companies has a 12-month low of $311.41 and a 12-month high of $481.26. The stock has a market cap of $16.72 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The firm's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $3.72 earnings per share. On average, sell-side analysts forecast that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Monday, May 19th. Carlisle Companies's dividend payout ratio is presently 14.89%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now owns 815 shares of the company's stock, valued at $285,681.95. The trade was a 15.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the sale, the director now owns 2,665 shares of the company's stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. TD Private Client Wealth LLC boosted its holdings in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after purchasing an additional 57 shares during the last quarter. CX Institutional acquired a new position in Carlisle Companies during the first quarter worth $49,000. GeoWealth Management LLC boosted its stake in Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after buying an additional 29 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Carlisle Companies by 95.1% in the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock valued at $59,000 after buying an additional 78 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Carlisle Companies in the 1st quarter worth $55,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Company Profile

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.