Carlisle Companies, Inc. (NYSE:CSL) – Equities researchers at Oppenheimer raised their FY2019 earnings per share estimates for shares of Carlisle Companies in a research report issued on Sunday, December 16th. Oppenheimer analyst B. Blair now forecasts that the conglomerate will post earnings of $6.90 per share for the year, up from their prior estimate of $6.85. Oppenheimer currently has a “Market Perform” rating on the stock.
Several other equities analysts have also recently commented on CSL. CIBC upgraded shares of Carlisle Companies from a “market perform” rating to an “outperform” rating in a research report on Monday. UBS Group raised shares of Carlisle Companies from a “market perform” rating to an “outperform” rating in a research note on Monday. Zacks Investment Research downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. Longbow Research upgraded shares of Carlisle Companies from a “neutral” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Tuesday, November 13th. Finally, BMO Capital Markets lowered their target price on shares of Carlisle Companies from $125.00 to $115.00 and set a “market perform” rating for the company in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Carlisle Companies currently has a consensus rating of “Buy” and an average target price of $128.00.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.14). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. The company’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of CSL. Select Equity Group L.P. purchased a new stake in Carlisle Companies in the second quarter worth $82,864,000. Point72 Asset Management L.P. acquired a new stake in Carlisle Companies in the third quarter worth about $65,970,000. Janus Henderson Group PLC raised its stake in shares of Carlisle Companies by 4.4% in the second quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock worth $464,263,000 after purchasing an additional 181,769 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in shares of Carlisle Companies in the second quarter worth about $14,516,000. Finally, Deutsche Bank AG raised its position in Carlisle Companies by 118.6% during the third quarter. Deutsche Bank AG now owns 238,443 shares of the conglomerate’s stock valued at $29,040,000 after acquiring an additional 129,385 shares in the last quarter. 87.31% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 19th were paid a $0.40 dividend. The ex-dividend date was Friday, November 16th. This represents a $1.60 annualized dividend and a yield of 1.67%. Carlisle Companies’s payout ratio is 28.93%.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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