Carlisle Companies (NYSE:CSL) Announces Earnings Results

Carlisle Companies (NYSE:CSL) posted its earnings results on Tuesday. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04, RTT News reports. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. During the same quarter in the previous year, the company posted $4.17 EPS.

Carlisle Companies Price Performance

CSL traded down $5.49 during trading on Tuesday, reaching $375.89. 554,729 shares of the company traded hands, compared to its average volume of 333,834. Carlisle Companies has a 12-month low of $313.56 and a 12-month high of $481.26. The firm has a fifty day simple moving average of $400.32 and a 200 day simple moving average of $418.80. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The company has a market cap of $17.04 billion, a P/E ratio of 13.30, a PEG ratio of 1.15 and a beta of 0.96.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.06%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Loop Capital cut their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Robert W. Baird dropped their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group decreased their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial initiated coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % 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. 1.50% of the stock is owned by company insiders.

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.