Carlisle Companies (NYSE:CSL) announced its earnings results on Tuesday. The conglomerate reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.31, Morningstar.com reports. Carlisle Companies had a return on equity of 14.14% and a net margin of 13.59%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year.

Shares of NYSE CSL opened at $128.43 on Wednesday. Carlisle Companies has a 1 year low of $92.16 and a 1 year high of $129.47. The stock has a market cap of $7.33 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.16 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.69 and a current ratio of 3.45.

In other Carlisle Companies news, insider John E. Berlin sold 15,150 shares of Carlisle Companies stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $124.24, for a total value of $1,882,236.00. Following the completion of the transaction, the insider now directly owns 47,221 shares in the company, valued at $5,866,737.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott C. Selbach sold 20,850 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 62,916 shares of the company’s stock, valued at $7,539,224.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,865 shares of company stock worth $8,452,327. Corporate insiders own 1.70% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its position in Carlisle Companies by 78.6% during the 3rd quarter. Renaissance Technologies LLC now owns 114,329 shares of the conglomerate’s stock worth $13,925,000 after purchasing an additional 50,329 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Carlisle Companies by 2.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 99,003 shares of the conglomerate’s stock valued at $12,059,000 after acquiring an additional 2,033 shares in the last quarter. Man Group plc purchased a new position in shares of Carlisle Companies during the 3rd quarter valued at $902,000. Mackenzie Financial Corp grew its holdings in shares of Carlisle Companies by 63.2% during the 3rd quarter. Mackenzie Financial Corp now owns 31,801 shares of the conglomerate’s stock valued at $3,873,000 after acquiring an additional 12,314 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Carlisle Companies by 22.1% during the 3rd quarter. AQR Capital Management LLC now owns 119,782 shares of the conglomerate’s stock valued at $14,589,000 after acquiring an additional 21,684 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

CSL has been the topic of a number of analyst reports. Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Monday, December 31st. Oppenheimer raised Carlisle Companies to a “buy” rating and set a $125.00 target price on the stock in a research report on Wednesday, January 16th. Robert W. Baird set a $134.00 target price on Carlisle Companies and gave the stock a “buy” rating in a research report on Friday, February 8th. SunTrust Banks reaffirmed a “buy” rating and set a $138.00 target price on shares of Carlisle Companies in a research report on Sunday, February 10th. Finally, BMO Capital Markets lifted their target price on Carlisle Companies from $115.00 to $125.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 19th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Carlisle Companies has a consensus rating of “Buy” and a consensus price target of $127.57.

Carlisle Companies announced that its Board of Directors has initiated a share buyback program on Tuesday, February 5th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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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Earnings History for Carlisle Companies (NYSE:CSL)

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