Carlisle Companies Incorporated (NYSE:CSL) Receives $454.00 Average PT from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $454.00.

A number of equities analysts have weighed in on the company. StockNews.com raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group dropped their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Truist Financial lowered their target price on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Robert W. Baird lifted their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Finally, Zelman & Associates upgraded shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th.

Carlisle Companies Price Performance

CSL opened at $390.52 on Thursday. The stock has a market cap of $16.89 billion, a P/E ratio of 14.13, a P/E/G ratio of 1.03 and a beta of 1.07. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $351.12 and a 200 day simple moving average of $381.81. Carlisle Companies has a 12 month low of $311.41 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $3.72 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts expect that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.02%. Carlisle Companies’s payout ratio is presently 14.89%.

Institutional Trading of Carlisle Companies

A number of institutional investors have recently modified their holdings of the business. Moody National Bank Trust Division purchased a new stake in shares of Carlisle Companies during the 4th quarter valued at $872,000. Nordea Investment Management AB raised its stake in shares of Carlisle Companies by 3.9% during the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock valued at $1,440,000 after acquiring an additional 145 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate’s stock worth $7,695,000 after purchasing an additional 1,102 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Carlisle Companies by 2.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock valued at $535,000 after purchasing an additional 38 shares during the period. Finally, Mediolanum International Funds Ltd boosted its stake in shares of Carlisle Companies by 4.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 27,825 shares of the conglomerate’s stock valued at $10,233,000 after purchasing an additional 1,119 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other 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.