Carlisle Companies Incorporated (NYSE:CSL) Given Average Recommendation of “Hold” by Analysts

Carlisle Companies Incorporated (NYSE:CSL) has earned an average rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $402.1429.

A number of brokerages have commented on CSL. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Truist Financial dropped their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Finally, Robert W. Baird lifted their price target on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th.

Institutional Investors Weigh In On Carlisle Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BOK Financial Private Wealth Inc. acquired a new position in Carlisle Companies in the fourth quarter worth $27,000. Osterweis Capital Management Inc. bought a new position in shares of Carlisle Companies in the second quarter valued at about $36,000. Signature Equity Partners LLC lifted its position in Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after buying an additional 94 shares in the last quarter. Torren Management LLC acquired a new position in Carlisle Companies during the 4th quarter worth about $33,000. Finally, Quarry LP bought a new stake in Carlisle Companies during the 4th quarter worth about $36,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Carlisle Companies stock traded down $12.48 on Tuesday, hitting $354.67. The company’s stock had a trading volume of 41,689 shares, compared to its average volume of 436,708. The firm has a market cap of $14.35 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The company has a fifty day moving average price of $351.79 and a 200-day moving average price of $355.08. Carlisle Companies has a one year low of $293.43 and a one year high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm earned $3.61 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Companies will post 21.16 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a $1.10 dividend. The ex-dividend date was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies’s payout ratio is 25.87%.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.