Carlisle Companies Incorporated (NYSE:CSL) Stock Has Average Target Price of $402.43 According to Analysts

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been assigned an average recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $402.43.

A number of equities analysts have commented on CSL shares. Weiss Ratings cut Carlisle Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Truist Financial dropped their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. DA Davidson started coverage on Carlisle Companies in a research report on Monday, August 24th. They set a “neutral” rating and a $410.00 price target for the company. Finally, Robert W. Baird set a $412.00 price objective on Carlisle Companies in a report on Thursday, July 30th.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies in the 4th quarter valued at about $27,000. Signature Equity Partners LLC boosted its holdings in shares of Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 94 shares during the last quarter. Allied Private Wealth LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $33,000. Jones Financial Companies Lllp purchased a new stake in shares of Carlisle Companies in the second quarter valued at approximately $33,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Carlisle Companies in the second quarter valued at approximately $35,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 4.1%

CSL stock opened at $326.94 on Friday. Carlisle Companies has a 52 week low of $293.43 and a 52 week high of $432.91. 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 50-day simple moving average of $349.38 and a 200-day simple moving average of $348.20. The stock has a market capitalization of $12.98 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.02 and a beta of 0.84.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share 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 for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company posted $6.27 EPS. Carlisle Companies’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts forecast that Carlisle Companies will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

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

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and construction materials. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company provides products designed to improve the performance, energy efficiency and durability of commercial and residential buildings.

Its product portfolio includes commercial roofing systems, insulation, waterproofing and air-barrier solutions, architectural metal products, and related building-envelope components.