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

Carlisle Companies Incorporated (NYSE:CSL) has earned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $401.1667.

CSL has been the subject of several analyst reports. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Truist Financial reduced their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Oppenheimer upped their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Robert W. Baird set a $412.00 price objective on Carlisle Companies in a research report on Thursday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th.

Carlisle Companies Stock Up 1.1%

NYSE CSL opened at $387.00 on Friday. The business’s fifty day simple moving average is $352.60 and its 200-day simple moving average is $356.86. 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 firm has a market cap of $15.37 billion, a PE ratio of 22.20, a P/E/G ratio of 1.20 and a beta of 0.85. Carlisle Companies has a 52 week low of $293.43 and a 52 week high of $432.91.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm posted $6.27 earnings per share. Carlisle Companies’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities analysts anticipate that Carlisle Companies will post 21.21 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is 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 25.24%.

Institutional Trading of Carlisle Companies

Several institutional investors and hedge funds have recently bought and sold shares of CSL. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Carlisle Companies during the fourth quarter worth $8,582,000. SEB Asset Management AB acquired a new stake in shares of Carlisle Companies in the first quarter valued at $6,783,000. Brandywine Global Investment Management LLC raised its holdings in shares of Carlisle Companies by 49.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 86,311 shares of the conglomerate’s stock valued at $27,607,000 after buying an additional 28,493 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Carlisle Companies in the 1st quarter valued at $2,183,000. Finally, Welch & Forbes LLC lifted its stake in Carlisle Companies by 6.8% during the 1st quarter. Welch & Forbes LLC now owns 140,466 shares of the conglomerate’s stock worth $46,862,000 after acquiring an additional 8,940 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.