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

Carlisle Companies Incorporated (NYSE:CSL) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $472.00.

CSL has been the subject of a number of recent analyst reports. Truist Financial assumed coverage on Carlisle Companies in a report on Thursday. They set a “hold” rating and a $460.00 price objective for the company. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Robert W. Baird reduced their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Oppenheimer boosted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd.

Hedge Funds Weigh In On Carlisle Companies

Large investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $25,000. ORG Partners LLC acquired a new position in shares of Carlisle Companies during the second quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at $32,000. ORG Wealth Partners LLC acquired a new stake in shares of Carlisle Companies in the 3rd quarter worth $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Carlisle Companies during the 2nd quarter worth $39,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Trading Up 0.4 %

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

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $4.68 earnings per share. As a group, analysts expect that Carlisle Companies will post 20.36 EPS for the current year.

Carlisle Companies Announces Dividend

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

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.