Carlisle Companies Incorporated (NYSE:CSL) Stock Has Average Target Price of $402.43

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $402.43.

CSL has been the subject of several research analyst reports. Truist Financial cut their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Robert W. Baird set a $412.00 target price on Carlisle Companies in a research note on Thursday, July 30th. DA Davidson assumed coverage on Carlisle Companies in a report on Monday, August 24th. They issued a “neutral” rating and a $410.00 price target for the company. Finally, Weiss Ratings downgraded shares of Carlisle Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $315.34 on Friday. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 1.03 and a beta of 0.84. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $432.91. The firm’s 50-day moving average price is $349.74 and its two-hundred day moving average price is $348.35.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. Carlisle Companies’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.27 earnings per share. On average, equities analysts predict that Carlisle Companies will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a $1.25 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 19th. Carlisle Companies’s payout ratio is presently 28.69%.

Institutional Trading of Carlisle Companies

Hedge funds have recently modified their holdings of the stock. BOK Financial Private Wealth Inc. acquired a new position in Carlisle Companies during the 4th quarter worth $27,000. Signature Equity Partners LLC increased its stake in shares of Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after buying an additional 94 shares during the period. Allied Private Wealth LLC acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at $33,000. Jones Financial Companies Lllp bought a new stake in shares of Carlisle Companies during the second quarter worth $33,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Carlisle Companies during the second quarter worth $35,000. 89.52% of the stock is owned by institutional investors.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and construction materials. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company provides products designed to improve the performance, energy efficiency and durability of commercial and residential buildings.

Its product portfolio includes commercial roofing systems, insulation, waterproofing and air-barrier solutions, architectural metal products, and related building-envelope components.