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

Shares of Carlisle Companies Incorporated (NYSE:CSL) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One research 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 analysts that have issued ratings on the stock in the last year is $472.00.

CSL has been the topic of several research reports. Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Oppenheimer lifted their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock 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 report on Tuesday, August 27th. Finally, Robert W. Baird lowered 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 report on Friday, October 25th.

Carlisle Companies Stock Performance

NYSE:CSL opened at $431.86 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The stock has a market capitalization of $19.58 billion, a PE ratio of 15.28, a P/E/G ratio of 1.47 and a beta of 0.91. Carlisle Companies has a fifty-two week low of $271.58 and a fifty-two week high of $481.26. The company has a fifty day moving average of $444.74 and a two-hundred day moving average of $423.39.

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

Carlisle Companies Announces Dividend

The company 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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors have recently bought and sold shares of the company. Resonant Capital Advisors LLC increased its holdings in shares of Carlisle Companies by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock worth $332,000 after buying an additional 24 shares during the last quarter. Tributary Capital Management LLC grew its position in Carlisle Companies by 1.1% in the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock worth $1,023,000 after acquiring an additional 24 shares during the period. Diversify Advisory Services LLC increased its stake in Carlisle Companies by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock worth $719,000 after acquiring an additional 25 shares during the last quarter. Equitable Trust Co. raised its position in Carlisle Companies by 0.3% in the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock valued at $3,874,000 after purchasing an additional 25 shares during the period. Finally, Metis Global Partners LLC lifted its stake in shares of Carlisle Companies by 5.2% in the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock valued at $273,000 after purchasing an additional 30 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.