Carlisle Companies (NYSE:CSL) Given New $315.00 Price Target at Robert W. Baird

Carlisle Companies (NYSE:CSL – Get Rating) had its price target cut by Robert W. Baird from $330.00 to $315.00 in a report released on Wednesday, The Fly reports.

A number of other research analysts have also recently commented on CSL. StockNews.com started coverage on Carlisle Companies in a report on Wednesday, October 12th. They issued a hold rating on the stock. Credit Suisse Group cut their target price on Carlisle Companies from $363.00 to $350.00 and set an outperform rating on the stock in a research report on Monday, October 31st.

Carlisle Companies Trading Down 0.5 %

CSL opened at $237.01 on Wednesday. Carlisle Companies has a one year low of $211.06 and a one year high of $318.71. The stock has a market capitalization of $12.26 billion, a PE ratio of 14.25, a P/E/G ratio of 0.64 and a beta of 0.95. The business’s 50 day moving average price is $244.96 and its 200 day moving average price is $268.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.27 and a current ratio of 1.79.

Carlisle Companies (NYSE:CSL – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The conglomerate reported $5.66 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.27. Carlisle Companies had a return on equity of 35.77% and a net margin of 13.48%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. As a group, equities research analysts expect that Carlisle Companies will post 19.95 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, November 16th. Carlisle Companies’s dividend payout ratio is currently 18.04%.

Institutional Trading of Carlisle Companies

A number of large investors have recently modified their holdings of CSL. First Horizon Advisors Inc. increased its position in shares of Carlisle Companies by 6,250.0% during the second quarter. First Horizon Advisors Inc. now owns 127 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 125 shares during the period. Hanseatic Management Services Inc. purchased a new stake in shares of Carlisle Companies during the third quarter worth $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Carlisle Companies during the third quarter worth $36,000. CX Institutional purchased a new stake in shares of Carlisle Companies during the second quarter worth $43,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of Carlisle Companies during the second quarter worth $47,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Carlisle Companies Company Profile

(Get Rating)

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.