Carlisle Companies Incorporated (NYSE:CSL) Receives Consensus Rating of “Moderate Buy” from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $450.8333.

Several research firms have recently commented on CSL. 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 target price on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 target price for the company. Loop Capital cut Carlisle Companies from a “buy” rating to a “hold” rating and lowered their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, Wall Street Zen raised Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $382.14 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The company has a market capitalization of $16.34 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.05. Carlisle Companies has a one year low of $311.41 and a one year high of $481.26. The business has a 50 day simple moving average of $386.26 and a 200 day simple moving average of $369.19.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business earned $6.24 EPS. Carlisle Companies’s quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is currently 22.35%.

Hedge Funds Weigh In On Carlisle Companies

A number of hedge funds have recently added to or reduced their stakes in CSL. GFG Capital LLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth $25,000. Hemington Wealth Management grew its holdings in shares of Carlisle Companies by 61.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 26 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth $25,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

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.