Carlisle Companies (NYSE:CSL) Hits New 12-Month Low – Time to Sell?

Shares of Carlisle Companies Incorporated (NYSE:CSL) hit a new 52-week low during trading on Friday . The stock traded as low as $309.85 and last traded at $310.3480, with a volume of 62981 shares trading hands. The stock had previously closed at $315.95.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSL. Robert W. Baird dropped their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research report on Monday, October 13th. Oppenheimer dropped their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Carlisle Companies in a research report on Thursday, October 30th. Zacks Research downgraded Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $430.00 to $395.00 in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $386.67.

Carlisle Companies Trading Down 2.8%

The firm has a market cap of $12.84 billion, a P/E ratio of 17.42, a PEG ratio of 1.12 and a beta of 1.00. The company’s 50 day moving average is $334.20 and its two-hundred day moving average is $368.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $5.78 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. Carlisle Companies’s payout ratio is currently 24.96%.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in shares of Carlisle Companies by 113.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after purchasing an additional 558,710 shares during the period. Barclays PLC grew its position in Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after acquiring an additional 451,662 shares during the period. Sands Capital Management LLC acquired a new position in Carlisle Companies during the second quarter worth $159,203,000. JPMorgan Chase & Co. lifted its holdings in shares of Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after acquiring an additional 358,241 shares during the period. Finally, Norges Bank acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at $128,856,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

About Carlisle Companies

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.