Carlisle Companies (NYSE:CSL) Hits New 12-Month High – Still a Buy?

Carlisle Companies Incorporated (NYSE:CSL) reached a new 52-week high during trading on Monday . The stock traded as high as $471.90 and last traded at $471.75, with a volume of 4686 shares traded. The stock had previously closed at $470.25.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CSL. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 target price (up previously from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. Finally, Robert W. Baird increased their price target on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies has a consensus rating of “Moderate Buy” and a consensus target price of $468.75.

Carlisle Companies Trading Up 1.8 %

The stock has a market cap of $22.78 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The stock’s 50-day moving average is $420.05 and its two-hundred day moving average is $411.57. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating the consensus estimate of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $5.18 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Carlisle Companies Incorporated will post 20.57 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.84%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is 23.19%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the transaction, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Carlisle Companies in the fourth quarter worth about $31,000. ORG Partners LLC bought a new stake in Carlisle Companies during the 2nd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth $32,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies during the third quarter valued at $32,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Carlisle Companies during the 2nd quarter worth about $39,000. Institutional investors own 89.52% of the company’s stock.

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.