Carlisle Companies - CSL Stock Forecast, Price & News

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.

Carlisle Companies Stock Up 0.4 %

CSL Stock opened at $312.51 on Monday. Carlisle Companies has a 52 week low of $195.04 and a 52 week high of $315.07. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. The firm's 50-day moving average is $262.29 and its two-hundred day moving average is $249.27. The company has a current ratio of 2.01, a quick ratio of 1.39 and a debt-to-equity ratio of 0.90.

Carlisle Companies (NYSE:CSL - Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The conglomerate reported $6.15 EPS for the quarter, topping analysts' consensus estimates of $4.99 by $1.16. Carlisle Companies had a net margin of 12.68% and a return on equity of 32.22%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm earned $2.16 EPS. Carlisle Companies's revenue was up 57.0% on a year-over-year basis. On average, analysts forecast that Carlisle Companies will post 20.22 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase 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 14.93%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Carlisle Companies from $300.00 to $315.00 in a research report on Friday, April 29th. Robert W. Baird lifted their price objective on shares of Carlisle Companies from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Thursday, June 23rd. Finally, Credit Suisse Group lifted their price objective on shares of Carlisle Companies from $275.00 to $300.00 in a research report on Monday, May 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $307.00.

Insiders Place Their Bets

In other news, insider Nicholas J. Shears sold 10,617 shares of Carlisle Companies stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $312.44, for a total value of $3,317,175.48. Following the transaction, the insider now owns 15,496 shares of the company's stock, valued at approximately $4,841,570.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.