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 Trading Down 0.5 %

NYSE:CSL traded down $1.50 during trading on Tuesday, hitting $301.20. The stock had a trading volume of 406,596 shares, compared to its average volume of 353,632. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.39 and a current ratio of 2.01. The stock has a market capitalization of $15.58 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 0.87 and a beta of 1.06. Carlisle Companies has a one year low of $195.04 and a one year high of $304.69. The stock has a 50 day simple moving average of $259.30 and a 200 day simple moving average of $247.22.

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

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 17th. This is an increase from Carlisle Companies's previous quarterly dividend of $0.54. Carlisle Companies's payout ratio is currently 14.93%.

Analyst Ratings Changes

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