Carlisle Companies Incorporated (NYSE:CSL) Stock Has Consensus Target Price of $394.50

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $394.50.

Several analysts have recently weighed in on CSL shares. Truist Financial dropped their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. DA Davidson set a $355.00 target price on Carlisle Companies in a report on Friday, October 9th. Weiss Ratings raised Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Robert W. Baird decreased their price target on Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th.

Hedge Funds Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc grew its holdings in Carlisle Companies by 9.8% during the 3rd quarter. IFP Advisors Inc now owns 495 shares of the conglomerate’s stock worth $159,000 after acquiring an additional 44 shares during the last quarter. Copeland Capital Management LLC increased its position in Carlisle Companies by 12.0% in the 3rd quarter. Copeland Capital Management LLC now owns 76,551 shares of the conglomerate’s stock valued at $24,663,000 after acquiring an additional 8,225 shares in the last quarter. Tilia Fiduciary Partners Inc. raised its stake in shares of Carlisle Companies by 2.9% in the third quarter. Tilia Fiduciary Partners Inc. now owns 8,981 shares of the conglomerate’s stock worth $2,893,000 after acquiring an additional 251 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Carlisle Companies by 20.7% in the third quarter. Wedmont Private Capital now owns 928 shares of the conglomerate’s stock worth $298,000 after acquiring an additional 159 shares during the last quarter. Finally, Diversified Management Inc. bought a new position in shares of Carlisle Companies in the third quarter worth about $1,989,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Down 1.0%

Shares of Carlisle Companies stock opened at $330.42 on Thursday. The stock has a market capitalization of $13.12 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.84. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The company has a 50-day simple moving average of $339.95 and a 200 day simple moving average of $346.88. Carlisle Companies has a 12-month low of $293.43 and a 12-month high of $432.91.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.27 earnings per share. Research analysts expect that Carlisle Companies will post 21.18 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s dividend payout ratio is presently 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.