Carlisle Companies Incorporated (NYSE:CSL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $472.00.

A number of equities analysts have recently issued reports on the company. Robert W. Baird dropped their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Oppenheimer boosted their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Truist Financial started coverage on shares of Carlisle Companies in a report on Thursday. They set a “hold” rating and a $460.00 target price for the company.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $454.89 on Thursday. The firm has a market cap of $20.62 billion, a P/E ratio of 16.10, a PEG ratio of 1.48 and a beta of 0.91. Carlisle Companies has a twelve month low of $269.58 and a twelve month high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average of $440.64 and a 200 day moving average of $421.72.

Carlisle Companies (NYSE:CSL) last announced its quarterly 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). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company earned $4.68 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts expect that Carlisle Companies will post 20.36 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.88%. Carlisle Companies’s payout ratio is presently 14.15%.

Hedge Funds Weigh In On Carlisle Companies

Several institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after purchasing an additional 218,002 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Carlisle Companies by 14.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock worth $152,170,000 after buying an additional 41,766 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Carlisle Companies by 0.8% in the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock worth $135,438,000 after buying an additional 2,545 shares during the last quarter. TD Asset Management Inc raised its position in shares of Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after buying an additional 268,685 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Carlisle Companies by 2.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after acquiring an additional 6,613 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Company Profile

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.