Carlisle Companies, Inc. (NYSE:CSL) – Equities research analysts at Northcoast Research increased their FY2019 EPS estimates for shares of Carlisle Companies in a report issued on Monday, February 11th. Northcoast Research analyst K. Hocevar now forecasts that the conglomerate will post earnings of $7.50 per share for the year, up from their prior forecast of $6.90.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, February 7th. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.28. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Carlisle Companies had a net margin of 13.59% and a return on equity of 14.00%. Carlisle Companies’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.73 EPS.
Shares of CSL opened at $120.58 on Wednesday. The stock has a market capitalization of $7.08 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.12 and a beta of 0.99. Carlisle Companies has a 12-month low of $92.16 and a 12-month high of $129.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.55 and a current ratio of 3.27.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Hawaiian Bank acquired a new position in shares of Carlisle Companies during the third quarter worth about $376,000. Aperio Group LLC grew its position in shares of Carlisle Companies by 3.4% during the third quarter. Aperio Group LLC now owns 21,143 shares of the conglomerate’s stock worth $2,575,000 after buying an additional 694 shares in the last quarter. Seven Eight Capital LP grew its position in shares of Carlisle Companies by 8.4% during the third quarter. Seven Eight Capital LP now owns 15,463 shares of the conglomerate’s stock worth $1,883,000 after buying an additional 1,200 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in shares of Carlisle Companies by 3.1% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 44,327 shares of the conglomerate’s stock worth $5,399,000 after buying an additional 1,340 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Carlisle Companies by 47.3% during the third quarter. Russell Investments Group Ltd. now owns 51,575 shares of the conglomerate’s stock worth $6,281,000 after buying an additional 16,561 shares in the last quarter. 91.10% of the stock is owned by institutional investors.
In other Carlisle Companies news, VP Scott C. Selbach sold 20,850 shares of Carlisle Companies stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $119.83, for a total value of $2,498,455.50. Following the completion of the transaction, the vice president now directly owns 62,916 shares of the company’s stock, valued at approximately $7,539,224.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.
Carlisle Companies declared that its Board of Directors has approved a share buyback program on Tuesday, February 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, February 19th. Carlisle Companies’s dividend payout ratio is currently 25.72%.
About Carlisle Companies
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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