Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies. The Carlisle Construction Materials segment produces building envelopes for commercial, industrial, and residential buildings, including single-ply roofing products, rigid foam insulations, spray polyurethane foam, architectural metal products, heating, ventilation and air conditioning hardware and sealants, waterproofing products, and air and vapor barrier systems. The Carlisle Interconnect Technologies segment produces wires and cables, including optical fiber for the commercial aerospace, military and defense electronics, medical device, industrial, and test and measurement markets. It also offers sensors, connectors, contacts, cable assemblies, complex harnesses, racks, trays, and installation kits, as well as engineering and certification services. The Carlisle Fluid Technologies segment produces engineered liquid products, powder products, sealants and adhesives finishing equipment, and integrated system solutions for spraying, pumping, mixing, metering, and curing of coatings used in the automotive manufacture, general industrial, protective coating, wood, and specialty and automotive refinishing markets. The company sells its products under the Carlisle, Binks, DeVilbiss, Ransburg, BGK, MS Powder, Thermax, Tri-Star, LHi Technology, Providien, SynTec, Weatherbond, Hunter Panels, Resitrix, Hertalan, Insulfoam, and Versico brands. Carlisle Companies Incorporated was founded in 1917 and is headquartered in Scottsdale, Arizona.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on CSL. Robert W. Baird raised their price objective on Carlisle Companies from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Thursday, June 23rd. Credit Suisse Group raised their price objective on Carlisle Companies from $275.00 to $300.00 in a research report on Monday, May 9th. Finally, Oppenheimer raised their price objective on Carlisle Companies from $300.00 to $315.00 in a research report on Friday, April 29th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $307.00.
Carlisle Companies Stock Up 0.7 %
Shares of Carlisle Companies stock opened at $302.70 on Tuesday. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 0.87 and a beta of 1.06. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.01 and a quick ratio of 1.39. Carlisle Companies has a 52-week low of $195.04 and a 52-week high of $304.69. The stock has a 50-day simple moving average of $258.37 and a 200-day simple moving average of $246.84.
Carlisle Companies (NYSE:CSL - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The conglomerate reported $6.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.99 by $1.16. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.69 billion. Carlisle Companies had a return on equity of 32.22% and a net margin of 12.68%. The firm's revenue was up 57.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.16 EPS. On average, equities research analysts expect that Carlisle Companies will post 20.22 earnings per share for the current fiscal year.
Carlisle Companies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.99%. This is a positive change from Carlisle Companies's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, August 17th. Carlisle Companies's payout ratio is currently 14.93%.