Ohrstrom & Co. acquired a significant stake in Carlisle. Head to Head Analysis: Paradigm Medical Industries (OTCMKTS:PDMI) & Fresenius SE & Co. KGaA (OTCMKTS:FSNUY), NetApp, Inc. (NASDAQ:NTAP) Director Thomas Michael Nevens Sells 16,000 Shares of Stock, Aurora Cannabis (TSE:ACB) Price Target Lowered to C$14.00 at CIBC, GE Announces Its Plan To Sell The Distributed Power Business To Advent International, Ebang Communication Resorts To The Filing Of An IPO In Hong Kong, How to Open DAA, VCD, NRG, IMG, MDF Files, Smart or Risky? 1949: As part of a liquidation of Pharis, all Carlisle stock was distributed to Pharis stockholders and the company name officially became Carlisle Corporation. Rotary Lift Company was later sold and became the present-day Dover Corporation with 2015 sales of $6.9 billion and traded under the symbol âDOV.â 2009: By the end of the decade, net sales reached $3 billion with EBIT margin of 6%. Considering an IPO to fuel your company's future? Carlisle Companies Incorporated has a long and proud history which began in 1917, when Charles S. Moomy opened Carlisle Tire and Rubber Company in Carlisle, Pennsylvania, to sell inner tubes to Montgomery Ward and Company. These acquisitions proved transformative for the company. Carlisle Companies Incorporated is an American diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets to customers across worldwide including commercial roofing, energy, agriculture, lawn and garden, mining and construction equipment, aerospace and electronics, dining and food delivery, and healthcare. In Vision 2025, Carlisle seeks to drive above-market organic growth, build scale in core businesses by pursuing synergistic acquisitions, further leverage the COS culture to drive efficiencies through all business processes, continue to return cash to shareholders, and invest in attracting, developing, and retaining exceptional talent. Chart. 1946: George L. Ohrstrom Sr. founded G.L. The company has a current ratio of 3.31, a quick ratio of 2.52 and a debt-to-equity ratio of 0.84. Carlisle Companies Incorporated CSL currently seems to be a smart choice for investors seeking exposure in the conglomerate space. During the same quarter in the previous year, the company earned $2.40 EPS. Carlisle's âpillarâ strategy was developed to drive operating excellence and focus investment in the company's core businesses: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Brake & Friction (CBF), Carlisle FoodService Products (CFS) and Carlisle Transportation Products (CTP). 2018: In early 2018, Carlisle launched Vision 2025, the cornerstone of the company's next one hundred years. Within a few years, other tire companies were following Carlisle's technical lead. Carlisle Companies is committed to the highest ethical standards and conducting business throughout all of our operations with the highest level of integrity. Following the completion of the transaction, the chief financial officer now owns 28,126 shares in the company, […] 1917: Carlisle Tire and Rubber Company, the precursor to Carlisle Companies Incorporated, began operations on September 12, 1917. 1979: Carlisle finished the decade with $324 million in net sales with EBIT margin of 11%. The company was founded by … Company Name Proposed Symbol Exchange Price Range Shares Week Of; 17 Education & Technology Group: YQ: Nasdaq: $9.50 - $11.50: 27,400,000: 11/30/2020: Docebo: DCBO Carlisle Companies Incorporated (NYSE:CSL) CFO Robert M. Roche sold 400 shares of Carlisle Companies stock in a transaction dated Wednesday, November 25th. ... Total amount raised at IPO … 2015: Carlisle continued to focus on acquisitions to drive growth. This acquisition formed the foundation of what would become Carlisle FoodService Products. Carlisle Companies Incorporated (NYSE:CSL) CFO Robert M. Roche sold 5,600 shares of Carlisle Companies stock in a transaction dated Friday, December 4th. That way, you can leverage the right insights to make the right moves at the right times. Over the next two years, capacity was doubled. It is through these efforts that we have earned the respect and trust of our shareholders, customers and employees. This page was last edited on 3 November 2020, at 18:07. Twin Tree Management LP increased its position in shares of Carlisle Companies by 43,900.0% in the 2nd quarter. In October 2017, Carlisle acquired Accella Performance Materials, a premium specialty polyurethane company, and the largest acquisition in Carlisle's history. The Federal Reserve Bank of Philadelphia and the Farmers Trust Company of Carlisle, Pennsylvania decided to loan Carlisle Tire and Rubber $250,000. Finally, Loop Capital lowered Carlisle Companies from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. 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. 2008: The Carlisle Operating System (COS), based on Lean and Six Sigma principles, was launched, combining people, process, technology and innovation in a collaborative effort to improve performance and drive profitability. By 1962 over 50% of net sales were generated by products not manufactured by Carlisle prior to 1958. 1987: The stock market crash on October 19, 1987, did not significantly affect Carlisle's 1987 net sales, which ended at a record $543 million. Carlisle Companies’s revenue was down 12.0% compared to the same quarter last year. With thirty employees Carlisle Tire and Rubber Company began producing automobile inner tubes. CSL stock opened at $149.45 on Tuesday. Carlisle Companies Incorporated has a 1-year low of $97.55 and a 1-year high of $169.86. Founded in 1987 in Washington, D.C., by William E. Conway Jr., Daniel A. Read More: How to invest in blue-chip stocks. 1955: Under George L. Ohrstrom Sr.âs leadership, Carlisle transformed from a tire and rubber company to an enterprise focused on driving an entrepreneurial culture, an aggressive M&A strategy, a decentralized management model and a conservative capital philosophy at its core. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Several institutional investors and hedge funds have recently made changes to their positions in the company. 2001: Marked 25 consecutive years of increasing dividend payments for shareholders. 1992: In order to focus on the core manufacturing platform of rubber, plastics and friction, Carlisle sold the businesses comprising the Data Communications and Electronics group. In the 108 days since I wrote my neutral article on Carlisle Companies Inc. (), the shares have returned about 11.25% against a gain of 6.1% for the S&P 500.Much has happened 1973: A recession began in the U.S. which lasted until 1975. The conglomerate reported $1.87 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, October 20th. Following the completion of the transaction, the chief financial officer now owns 28,126 shares in the company, valued at $4,219,743.78. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Carlisle listed its shares on the New York Stock Exchange using the ticker symbol âCSLâ and sought to grow by focusing attention on acquisitions that produced highly specialized, technically advanced, high margin products that could be sold to industrial customers. News on Recent and Upcoming IPOs - Initial Public Offering, IPO Alerts Mailer, IPO News, Latest IPOs News, Recently Listed IPOs, IPOs Class Room > What is an IPO. Oppenheimer restated a “buy” rating and set a $160.00 price target on shares of Carlisle Companies in a research note on Wednesday, October 21st. Carlisle relies heavily on its construction and aerospace segments, businesses hit hard by COVID-19. The company's 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; specialty polyurethane products; vapor and air barriers, HVAC duct sealants, and hardware; and block molded polystyrene. Financial Management Professionals Inc. bought a new stake in shares of Carlisle Companies in the 3rd quarter valued at $51,000. American suburban expansion drove the need for shopping malls, schools and other related non-residential buildings, all requiring single-ply membrane roofs. The stock traded as high as $146.09 and last traded at $142.97. The first acquisition that year was Peerless Manufacturing and the firm subsequently bought Ohio Pattern Works and Rotary Lift Company. 1930: The stock market crash of 1929 took its toll on American companies. Posted by Marion Hillson on Dec 8th, 2020. Capital expenditures in 1979 were also a record $24 million, a large percentage of which was spent on expansion of capacity to produce Sure- Seal roofing systems. The company has a quick ratio of 2.52, a current ratio of 3.31 and a debt-to-equity ratio of 0.84. In late 1943, faced with large wartime orders, Carlisle's competitor, Pharis Tire and Rubber Company of Newark, Ohio, was badly in need of additional production capacity. The conglomerate reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.13. Going public is a huge decision for any company. Download the investor presentation - earnings call slides. Clear Harbor Asset Management LLC bought a new stake in shares of Carlisle Companies in the 3rd quarter valued at $37,000. The stock was sold at an average price of $150.03, for a total value of $840,168.00. 1947: G.L. D'Aniello, and David Rubenstein, the company today has more than 1,575 employees in 31 offices on six continents. Carlisle Companies stock opened at $132.80 on Friday. The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 1st. ET by Tomi Kilgore These ‘Dividend Aristocrat’ stocks have risen up to 24% a … Carlisle Companies Reports Record Fourth Quarter Diluted EPS of $1.81 and Full Year Diluted EPS of $8.21, an increase of 22% and 40%, respectively Download PDF format download (opens in new window) February 04, 2020 Private Advisor Group LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at $60,000. Carlisle Companies had a return on equity of 14.60% and a net margin of 7.91%. 1986: Carlisle Corporation was restructured into a holding company with the name Carlisle Companies Incorporated. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating and set a $152.00 price objective on the stock in a research note on Tuesday, December 1st. Carlisle also celebrated 40 consecutive years of dividend increases for shareholders. After submitting your information, you will receive an email. All Carlisle businesses were affected during this period with net sales falling from $151 million in 1974 to $115 million in 1975, down 24%. 1972: Net sales in 1972 exceeded $100 million for the first time. Commercial roofing, specialty polyurethane, aerospace, medical, defense, transportation, industrial, protective coating, auto refinishing, agriculture, mining, and construction. Ohrstrom & Co. merged Rotary Lift Company of Memphis, Tennessee into Carlisle Corporation and the firm became the controlling shareholder of Carlisle. The cost to Pharis was approximately $330,000. On May 3, 2012, Carlyle completed a $700 million initial public offering and began trading on … By the end of the decade, Carlisle had net sales of $23 million with 550 employees and was on its way to becoming the modern Carlisle Companies. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. A number of equities analysts have recently commented on CSL shares. Carlisle Companies Incorporated Common Stock (CSL) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. It may require cleanup to comply with Wikipedia's content policies, particularly, Learn how and when to remove these template messages, Learn how and when to remove this template message, https://en.wikipedia.org/w/index.php?title=Carlisle_Companies&oldid=986906723, Companies listed on the New York Stock Exchange, Conglomerate companies established in 1917, Companies based in Charlotte, North Carolina, Conglomerate companies of the United States, Manufacturing companies established in 1917, Wikipedia articles with possible conflicts of interest from December 2018, Articles with a promotional tone from December 2018, Wikipedia articles with style issues from December 2018, Articles lacking reliable references from October 2013, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License. IPO’s also provide funds to the company for its future growth and for paying off their previous debts. In 2015 Carlisle invested in a new platform, acquiring Finishing Brands Holdings Inc. for $590 million funded all in cash. Read or listen to the conference call. List of all NSE IPOs & BSE IPOs of 2020. Additionally, in February 2018, Carlisle divested Carlisle FoodService Products. 1977: Carlisle acquired Continental Plastics of Oklahoma City, Oklahoma, a maker of proprietary molded and vacuum-formed plastics for the commercial foodservice business. The Carlisle Brake and Friction segment covers brakes and friction material and clutch and transmission friction material. 1978: Carlisle's synthetic rubber roofing product, Sure-Seal, rapidly grew in sales from 1978 and quickly became one of the company's most important products. About this time, Pharis acquired the Molded Materials Company, a brake lining business in Ridgway, Pennsylvania, which would later become part of Carlisle Brake & Friction in 2008. Moomy found a partner in James T. Johnstone, a New York rubber broker, who invested $30,000. In an effort to save its customer base, Carlisle offered to pay half of Montgomery Ward's excise taxes on inner tubes. Despite this move, Carlisle's core business continued to decline along with its finances, forcing Charles Moomy to work with officials of Chase National Bank to settle Carlisle's debts and avoid bankruptcy. 89.02% of the stock is currently owned by institutional investors and hedge funds. Finally, NEXT Financial Group Inc bought a new stake in shares of Carlisle Companies in the 3rd quarter valued at $60,000. The firm’s 50-day simple moving average is $124.99 and its 200 day simple moving average is $122.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. All earnings call transcripts on Carlisle Companies Incorporated (CSL) stock. Dunkleberger, pledged his personal assets as collateral to meet weekly payrolls many times during this period. 1982: Despite a recession in 1982 driving net sales lower 7%, by 1983, Carlisle had recovered to a record $412 million of net sales. The Board of Directors voted to move the corporate headquarters to Scottsdale, Arizona. In addition, Carlisle's Assistant Treasurer, M.L. September 12, 2017 marked the 100 year anniversary of Carlisle Companies Incorporated. 1990: In addition to focusing on three core segments, Carlisle continued to pursue M&A, leading to the completion of 30 acquisitions during the decade. 1959: Carlisle acquired Tensolite Insulated Wire Company Incorporated of Tarrytown, New York, which would become Carlisle Interconnect Technologies in 2008. 1960: George L. Ohrstrom Sr. passed away and his son, George L. Ohrstrom Jr. began his relationship with Carlisle, refining and accelerating his fatherâs ideals. Over 41.2 million shares were sold, with the initial price of $18. Carlisle finished 1989 with $553 million in net sales with EBIT margin of 8%. 1962: Carlisle ended the decade with net sales of $83 million and 700 employees. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. Carlisle Companies Incorporated has a 52 week low of $97.55 and a 52 week high of $169.86. For organizations looking to open paths to capital, particularly an IPO, it is useful to understand how quickly windows of opportunity can open and close. That same year, Carlisle acquired the assets of the Dart Truck Company, a manufacturer of off-highway mining and construction trucks located in Kansas City, Missouri. The stock was sold at an average price of $150.00, for a total transaction of $60,000.00. The Carlyle Group is a global private equity firm that caters to early and later stage companies. By 1917, Moomy had saved enough money to buy $4,000 in machinery and had an agreement from Montgomery Ward & Company to buy bicycle inner tubes. Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, October 20th. To receive notifications via email, enter your email address and select at least one subscription below. By 1930, the price of natural rubber dropped to a low of 3 cents a pound and Montgomery Ward & Company stock fell by more than 50%. After submitting your information, you will receive an email. The business’s 50 day moving average is $138.19 and its 200-day moving average is $126.84. This past September, the company held its IPO and raised more than $742 million. Ohrstrom & Co. in the mid-1920s but changed the company's direction in 1946, focusing on the acquisition of small industrial companies using a leveraged buy-out or âboot-strapâ model. Carlisle also opened its first international operations in Europe and launched a long-term corporate identification program, which placed increased emphasis on the âCarlisleâ name, yet allowed for division autonomy and identity. This represents a $2.10 annualized dividend and a dividend yield of 1.41%. Get alerts on latest IPO news stories along with upcoming, open and listing IPO dates & offer price details. Following the completion of the sale, the chief financial officer now directly owns 22,926 shares in the company, valued at approximately … Stockholders of record on Tuesday, November 17th were issued a $0.525 dividend. The target range for the IPO was initially $20 to $22 a … The ex-dividend date was Monday, November 16th. After the IPO is issued, the investors get chance to buy company shares directly from the stock exchange at the amount traded in the exchange. 1994: Carlisle acquired a tire plant in Shenzen, China, the company's first factory in China and second in Asia. Carlisle employed over 10,000 employees worldwide. Credit Suisse Group lifted their price objective on Carlisle Companies from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. This list of organizations invested in by The Carlyle Group provides data on their funding history, investment activities, and acquisition trends. Find the latest dividend history for Carlisle Companies Incorporated Common Stock (CSL) at Nasdaq.com. In this same eight-year period, Carlisle deployed over $2.4 billion acquiring 15 businesses. in a research note on Friday, November 13th. 1996: Carlisle eclipsed $1 billion in net sales. 16, 2016 at 7:15 a.m. Carlisle Companies Incorporated (NYSE:CSL)’s stock price traded up 7.7% during mid-day trading on Monday . 2007: Carlisle's stock split 2:1 for the 6th time in its history. Several research analysts […] 1989: By the end of the decade, homeownership in the United States had risen to 65% from 55% two decades before. Carlisle has experienced near-term headwinds, but positive signals are starting to emerge. 601,116 shares changed hands during trading, an increase of 30% from the average session volume of 462,413 shares. During the same period in the previous year, the business earned $2.40 EPS. 1967: Carlisle's stock split 2:1 for the first time since the IPO. 1980: Carlisle's stock jumped from a high of $29 in 1979 to $86 in 1980 as Carlisle's Sure-Seal rubber roofing products grew in popularity. Charles S. Moomy, founder of Carlisle, had been working for his father at the Keystone Rubber Company in Erie, Pennsylvania. 1933: In accordance with the National Industrial Recovery Act of 1933, the Internal Revenue Service accepted write-offs of $452,938 for Carlisle's debt, allowing Moomy to narrowly forestall bankruptcy. The stock was sold at an average price of $150.03, for a total value of $840,168.00. 2003: Carlisle surpassed net sales of $2 billion with EBIT margin of 7%. Despite the recession in the mid-1970s, Carlisle's sales grew at a 15% CAGR through the decade. This business would become a pillar, Carlisle Fluid Technologies (CFT). The firm has a market cap of $7.98 billion, a P/E ratio of 24.50, a P/E/G ratio of 1.65 and a beta of 0.95. Carlisle Companies’s payout ratio is currently 25.33%. 2016: Annual net sales reached $3.7 billion with over 13,000 employees worldwide. Carlisle Companies's upcoming dividend is US$0.53 a share, following on from the last 12 months, when the company distributed a total of US$2.10 per share to shareholders. 1993: Carlisle's stock split 2:1 in both 1993 and 1997 for the 4th and 5th times in its history. By the late 1970s, the roofing business had become the biggest contributor to Carlisle's earnings. 1929: Carlisle Tire and Rubber Company reached a record high employment level of 388 workers. Carlisle Companies Incorporated (CSL) Dividend Growth History: By month or year. 1928: Carlisle was producing 10,000 inner tubes per day and outpacing its competition. 1962: Ohrstrom's acquisition strategy was working. As a result, Carlisle's roofing business grew from $77 million at the start of 1980 to $175 million in net sales by the end of the decade. CEO & President of Carlisle Inc (30-Year Financial, Insider Trades) D Christian Koch (insider trades) sold 43,287 shares of CSL on 11/16/2020 at an average price of $142.82 a share. The company currently has a consensus rating of “Buy” and an average price target of $156.86. 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Furber Marshall, President of Pharis, negotiated with the Federal Reserve Bank and Farmers Trust Company for the purchase of Carlisle Tire and Rubber Company. Twin Tree Management LP now owns 440 shares of the conglomerate’s stock valued at $53,000 after buying an additional 439 shares in the last quarter. Carlisle Companies had a return on equity of 14.60% and a … 1999: Net sales grew to $1.6 billion with EBIT margin of 10% by the end of the decade, an 11% CAGR. Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter. Carlisle Companies started at buy with $120 stock price target at SunTrust RH Jun. The company has a history of dynamic growth fueled by astute M&A activity. Driven by our strategic plan, Vision 2025, Carlisle is committed to generating superior shareholder returns by combining an entrepreneurial management style under a center-led framework with a balanced approach to capital … To receive notifications via email, enter your email address and select at least one subscription below. An initial public offering (IPO) is the process by which a privately-owned enterprise is transformed into a public company whose shares are traded on a … Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses that manufactures highly engineered products and solutions for its customers. Carlisle Companies had a net margin of 7.91% and a return on equity of 14.60%. 1961: Carlisle developed a synthetic rubber for roofing applications, which would later sell under the brand name Sure-Seal. Since 2008, Carlisle had doubled sales, increased EBIT margin by over 600 basis points, invested over $700 million in capital expenditures and accumulated over $150 million in savings from COS. Carlisle Executive Leadership laid out a plan to grow the business to $1 billion by 1994 with a new emphasis on international sales. 1934: However, by 1934, the Depression had worsened. Carlisle ended the decade with $4 million in annual net sales. 1926: Carlisle Tire and Rubber Company pioneered the country's first commercially extruded and fully molded inner tube. 1954: G.L. Carlisle Companies Incorporated (NYSE:CSL) CFO Robert M. Roche sold 5,600 shares of Carlisle Companies stock in a transaction dated Friday, December 4th. The IPO ended up being priced at $18 a share Wednesday night, far below earlier expectations. Solid fundamentals and positive revision in … The acquisitions during this decade enabled Carlisle to produce a broad range of new products, including molded radiator hoses, brake blocks and linings, high temperature conductors and insulated wire and cable. Carlisle Companies Incorporated is an American diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets to customers across worldwide including commercial roofing, energy, agriculture, lawn and garden, mining and construction equipment, aerospace and electronics, dining and food delivery, and healthcare. The stock had previously closed at $132.80. The company maintains a strong balance sheet, with a … Traded up 7.7 % during mid-day trading on Monday 2.52, a new stake in shares of Carlisle headquarters Scottsdale. And a debt-to-equity ratio of 0.84 funding history, investment activities, and David Rubenstein, the company was by... 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Laid out a plan to grow the business earned $ 2.40 EPS 388.... And David Rubenstein, the Depression had worsened, had been working for father... Of 2020 D.C., by William E. Conway Jr., Daniel a of. Grew at a 15 % CAGR through the SEC website was paid on Tuesday November! With the initial price of $ 1.13 billion for the 4th and 5th in... 12, 2017 Marked the 100 year anniversary of Carlisle, Pennsylvania decided to Carlisle. And a carlisle companies ipo margin of 6 % owns 28,126 shares in the quarter! Exchange Commission, which is accessible through the SEC website 17th were a. Investment activities, and David Rubenstein, the precursor to Carlisle Companies (:!, you can leverage the right times Washington, D.C., by William E. Conway Jr., a! Legal filing with the Securities & Exchange Commission, which would later sell under brand!