Carlisle Companies (NYSE:CSL) Coverage Initiated by Analysts at Truist Financial

Truist Financial started coverage on shares of Carlisle Companies (NYSE:CSL) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $460.00 target price on the conglomerate’s stock.

Several other equities research analysts also recently commented on CSL. Robert W. Baird reduced their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Oppenheimer lifted their price objective on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $472.00.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded down $3.95 during mid-day trading on Thursday, hitting $445.63. 89,523 shares of the company were exchanged, compared to its average volume of 323,676. Carlisle Companies has a 1-year low of $269.58 and a 1-year high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $441.60 and a 200-day simple moving average of $421.92. The firm has a market cap of $20.20 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.49 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm earned $4.68 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts forecast that Carlisle Companies will post 20.36 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co raised its holdings in Carlisle Companies by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after acquiring an additional 4,692 shares during the period. Silver Lake Advisory LLC bought a new position in shares of Carlisle Companies during the second quarter valued at about $608,000. Price T Rowe Associates Inc. MD raised its stake in shares of Carlisle Companies by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock valued at $17,391,000 after acquiring an additional 1,429 shares during the last quarter. Driehaus Capital Management LLC raised its stake in Carlisle Companies by 44.6% in the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after buying an additional 17,472 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Carlisle Companies by 188.0% in the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock worth $3,235,000 after buying an additional 5,389 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Company Profile

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.