Carlisle Companies (NYSE:CSL) Hits New 52-Week High at $426.67

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $426.67 and last traded at $423.36, with a volume of 12441 shares changing hands. The stock had previously closed at $418.92.

Analysts Set New Price Targets

A number of research firms have commented on CSL. StockNews.com upgraded shares of Carlisle Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 7th. The Goldman Sachs Group began coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They issued a "buy" rating and a $455.00 target price for the company. Oppenheimer upped their price objective on Carlisle Companies from $412.00 to $430.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Robert W. Baird lifted their target price on Carlisle Companies from $435.00 to $465.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Finally, Loop Capital upped their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a "buy" rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $416.00.

Carlisle Companies Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. The firm has a market cap of $20.08 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The stock's fifty day moving average price is $384.95 and its 200-day moving average price is $333.94.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.98. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. Equities research analysts predict that Carlisle Companies Incorporated will post 19.51 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, May 17th. Carlisle Companies's payout ratio is 19.71%.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, CAO Stephen Aldrich sold 1,095 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total value of $435,262.50. Following the sale, the chief accounting officer now owns 1,624 shares of the company's stock, valued at approximately $645,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO D Christian Koch sold 6,454 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares of the company's stock, valued at $30,114,169.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen Aldrich sold 1,095 shares of the firm's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the transaction, the chief accounting officer now owns 1,624 shares of the company's stock, valued at approximately $645,540. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,586 shares of company stock worth $3,504,388. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Carlisle Companies

A number of hedge funds have recently modified their holdings of the stock. Allworth Financial LP lifted its holdings in shares of Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate's stock valued at $27,000 after acquiring an additional 40 shares during the period. V Square Quantitative Management LLC bought a new position in Carlisle Companies during the 4th quarter valued at about $31,000. Principal Securities Inc. acquired a new position in Carlisle Companies in the fourth quarter valued at about $32,000. Tennessee Valley Asset Management Partners bought a new stake in Carlisle Companies during the fourth quarter worth about $40,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Carlisle Companies by 38.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate's stock worth $43,000 after buying an additional 3,815 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

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.