Carlisle Companies Incorporated (NYSE:CSL) Receives Average Rating of “Hold” from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has earned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $402.1429.

A number of equities analysts have recently weighed in on the stock. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. 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. Raymond James Financial started coverage on Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th.

Institutional Trading of Carlisle Companies

A number of hedge funds have recently bought and sold shares of CSL. BOK Financial Private Wealth Inc. bought a new position in shares of Carlisle Companies during the 4th quarter worth about $27,000. Signature Equity Partners LLC grew its position in Carlisle Companies by 3,133.3% during the first 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 bought a new position in Carlisle Companies during the fourth quarter valued at about $33,000. Osterweis Capital Management Inc. bought a new position in Carlisle Companies during the second quarter valued at about $36,000. Finally, Quarry LP acquired a new position in Carlisle Companies in the 4th quarter valued at approximately $36,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Down 3.4%

NYSE:CSL traded down $12.48 on Tuesday, hitting $354.67. 41,689 shares of the company’s stock traded hands, compared to its average volume of 436,708. The company has a market cap of $14.35 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. Carlisle Companies has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The firm has a 50-day moving average price of $351.79 and a 200-day moving average price of $355.08.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating 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 firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm posted $3.61 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Equities analysts anticipate that Carlisle Companies will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is presently 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.