Brokerages Set Carlisle Companies Incorporated (NYSE:CSL) Target Price at $450.83

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $450.8333.

A number of analysts have recently commented on CSL shares. Wall Street Zen raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. began coverage on Carlisle Companies in a research note on Tuesday, June 24th. They set an “overweight” rating and a $500.00 price target for the company. Finally, Loop Capital downgraded 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 report on Thursday, July 31st.

Carlisle Companies Trading Down 7.0%

Shares of CSL stock opened at $364.67 on Wednesday. The firm’s 50-day simple moving average is $391.72 and its 200-day simple moving average is $372.94. 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 has a 1-year low of $311.41 and a 1-year high of $481.26. The firm has a market cap of $15.59 billion, a P/E ratio of 20.37, a PEG ratio of 1.26 and a beta of 1.05.

Carlisle Companies (NYSE:CSL) last issued its quarterly 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). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company posted $6.24 EPS. As a group, equities analysts forecast that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies’s dividend payout ratio is presently 24.58%.

Hedge Funds Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. raised its position in Carlisle Companies by 27.1% in the fourth quarter. Baird Financial Group Inc. now owns 2,588 shares of the conglomerate’s stock valued at $955,000 after purchasing an additional 552 shares during the period. Deutsche Bank AG grew its stake in shares of Carlisle Companies by 10.1% in the fourth quarter. Deutsche Bank AG now owns 165,631 shares of the conglomerate’s stock valued at $61,091,000 after buying an additional 15,219 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Carlisle Companies by 133.3% during the 4th quarter. Focus Partners Wealth now owns 1,346 shares of the conglomerate’s stock valued at $502,000 after buying an additional 769 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Carlisle Companies during the 4th quarter valued at about $4,163,000. Finally, Numerai GP LLC acquired a new position in Carlisle Companies during the 4th quarter worth approximately $262,000. 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.