Brokerages Set Carlisle Companies Incorporated (NYSE:CSL) Price Target at $454.00

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $454.00.

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group cut their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. StockNews.com raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Robert W. Baird upped their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Finally, Truist Financial dropped their price target on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th.

Carlisle Companies Stock Up 2.8%

Shares of Carlisle Companies stock opened at $401.17 on Thursday. The stock’s fifty day moving average is $352.40 and its 200-day moving average is $381.16. The firm has a market capitalization of $17.35 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. Carlisle Companies has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. Carlisle Companies’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.72 earnings per share. Equities analysts anticipate that Carlisle Companies will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.00%. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CSL. Barclays PLC grew its stake in Carlisle Companies by 31.3% in the third quarter. Barclays PLC now owns 60,920 shares of the conglomerate’s stock valued at $27,399,000 after purchasing an additional 14,526 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Carlisle Companies in the fourth quarter valued at about $295,000. Nordea Investment Management AB grew its stake in Carlisle Companies by 3.9% in the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock valued at $1,440,000 after purchasing an additional 145 shares in the last quarter. Douglas Lane & Associates LLC purchased a new position in Carlisle Companies in the fourth quarter valued at about $787,000. Finally, Harbor Capital Advisors Inc. grew its stake in Carlisle Companies by 1.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,141 shares of the conglomerate’s stock valued at $1,527,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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.