Carlisle Companies (NYSE:CSL) Reaches New 12-Month High Following Better-Than-Expected Earnings

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday following a better than expected earnings announcement. The stock traded as high as $415.00 and last traded at $403.31, with a volume of 143432 shares traded. The stock had previously closed at $382.03.

The conglomerate reported $3.72 EPS for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.40 annualized dividend and a dividend yield of 0.85%. Carlisle Companies's payout ratio is 22.31%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird upped their target price on Carlisle Companies from $435.00 to $465.00 and gave the company an "outperform" rating in a research report on Friday. The Goldman Sachs Group began coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They set a "buy" rating and a $455.00 target price on the stock. Oppenheimer increased their price target on Carlisle Companies from $412.00 to $430.00 and gave the stock an "outperform" rating in a report on Friday. Loop Capital increased their price target on Carlisle Companies from $375.00 to $440.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Finally, StockNews.com upgraded Carlisle Companies from a "hold" rating to a "buy" rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $398.33.

Insiders Place Their Bets

In other news, VP David W. Smith sold 700 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP David W. Smith sold 700 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori A. Snyder sold 8,101 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the transaction, the insider now owns 5,212 shares in the company, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,255 shares of company stock worth $5,231,360. Corporate insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. YHB Investment Advisors Inc. lifted its holdings in shares of Carlisle Companies by 1.9% in the first quarter. YHB Investment Advisors Inc. now owns 18,292 shares of the conglomerate's stock valued at $7,168,000 after purchasing an additional 342 shares in the last quarter. Mitchell & Pahl Private Wealth LLC purchased a new stake in shares of Carlisle Companies during the first quarter valued at approximately $217,000. Pioneer Trust Bank N A OR purchased a new stake in shares of Carlisle Companies during the first quarter valued at approximately $235,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Carlisle Companies by 3.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,161 shares of the conglomerate's stock valued at $5,157,000 after acquiring an additional 463 shares during the last quarter. Finally, Spire Wealth Management increased its position in shares of Carlisle Companies by 38.4% during the first quarter. Spire Wealth Management now owns 1,215 shares of the conglomerate's stock valued at $476,000 after acquiring an additional 337 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Up 4.9 %

The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $19.17 billion, a PE ratio of 26.31, a P/E/G ratio of 1.34 and a beta of 0.93. The stock has a 50-day moving average of $371.87 and a 200 day moving average of $320.12.

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.