Carlisle Companies Incorporated (NYSE:CSL) Receives $470.00 Average PT from Brokerages

Carlisle Companies Incorporated (NYSE:CSL) has received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $470.00.

Several brokerages have issued reports on CSL. Oppenheimer reissued an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. Finally, Robert W. Baird reduced their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th.

Carlisle Companies Stock Up 1.3 %

CSL opened at $371.13 on Friday. The stock has a market capitalization of $16.82 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies has a one year low of $297.25 and a one year high of $481.26. The business’s 50-day simple moving average is $422.03 and its 200-day simple moving average is $422.93.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.68 EPS. Analysts anticipate that Carlisle Companies will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.08%. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in Carlisle Companies during the third quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in shares of Carlisle Companies during the 3rd quarter worth approximately $32,000. True Wealth Design LLC grew its holdings in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares during the period. UMB Bank n.a. increased its stake in Carlisle Companies by 317.2% in the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. Finally, Quarry LP raised its holdings in Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 57 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

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.