BMO Capital Markets Raises Carlisle Companies (CSL) Price Target to $140.00
Carlisle Companies (NYSE:CSL) had its price objective upped by BMO Capital Markets from $135.00 to $140.00 in a report issued on Friday morning. They currently have an outperform rating on the conglomerate’s stock.
CSL has been the topic of a number of other research reports. Oppenheimer restated a hold rating on shares of Carlisle Companies in a research note on Wednesday, July 25th. Robert W. Baird boosted their target price on Carlisle Companies from $124.00 to $130.00 and gave the stock a buy rating in a research note on Wednesday, July 25th. Zacks Investment Research downgraded Carlisle Companies from a buy rating to a hold rating in a research note on Monday, August 13th. ValuEngine upgraded Carlisle Companies from a hold rating to a buy rating in a research note on Wednesday, July 25th. Finally, B. Riley boosted their target price on Carlisle Companies from $125.00 to $145.00 and gave the stock a buy rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Carlisle Companies presently has an average rating of Buy and a consensus target price of $134.83.
CSL stock opened at $128.02 on Friday. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 1.39 and a beta of 0.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.10 and a quick ratio of 2.40. Carlisle Companies has a 52-week low of $94.71 and a 52-week high of $129.47.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 20th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, August 17th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.37. Carlisle Companies’s payout ratio is presently 86.80%.
Several hedge funds and other institutional investors have recently made changes to their positions in CSL. Janus Henderson Group PLC raised its holdings in shares of Carlisle Companies by 4.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock worth $464,263,000 after purchasing an additional 181,769 shares during the period. Meadow Creek Investment Management LLC raised its holdings in shares of Carlisle Companies by 72.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 44,506 shares of the conglomerate’s stock worth $4,820,000 after purchasing an additional 18,634 shares during the period. UBS Group AG raised its holdings in shares of Carlisle Companies by 6.0% in the 1st quarter. UBS Group AG now owns 33,579 shares of the conglomerate’s stock worth $3,506,000 after purchasing an additional 1,902 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $248,000. Finally, Eagle Asset Management Inc. raised its holdings in shares of Carlisle Companies by 4.6% in the 1st quarter. Eagle Asset Management Inc. now owns 158,895 shares of the conglomerate’s stock worth $16,590,000 after purchasing an additional 6,982 shares during the period. Hedge funds and other institutional investors own 91.32% of the company’s stock.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene 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; and specialty polyurethane products and solutions for various markets and applications.
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