Carlisle Companies (NYSE:CSL) Earns Hold Rating from Analysts at Truist Financial

Truist Financial initiated coverage on shares of Carlisle Companies (NYSE:CSL) in a research report released on Thursday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $460.00 price objective on the conglomerate’s stock.

A number of other brokerages have also weighed in on CSL. Robert W. Baird reduced their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Oppenheimer increased their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $472.00.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $445.34 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies has a fifty-two week low of $269.58 and a fifty-two week high of $481.26. The firm has a 50-day simple moving average of $442.46 and a 200 day simple moving average of $422.76. The company has a market cap of $20.19 billion, a PE ratio of 15.76, a P/E/G ratio of 1.46 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.68 earnings per share. On average, sell-side analysts anticipate that Carlisle Companies will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.90%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Institutional Investors Weigh In On Carlisle Companies

A number of large investors have recently made changes to their positions in CSL. TD Asset Management Inc raised its holdings in shares of Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after acquiring an additional 268,685 shares during the period. FMR LLC increased its stake in Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after buying an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Carlisle Companies by 6,405.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock valued at $80,757,000 after buying an additional 176,799 shares during the period. Epoch Investment Partners Inc. acquired a new position in Carlisle Companies in the 2nd quarter valued at approximately $65,041,000. Finally, Holocene Advisors LP increased its stake in Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock valued at $79,594,000 after buying an additional 106,539 shares during the period. 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.